Deals26 Feb 2026, 05:52 pm
Ramco Cements Ltd Disposes Non-Core Assets Worth Rs. 59.56 Crores to Rainbow Foundations Ltd
AI Summary
The Ramco Cements Ltd has sold non-core assets worth Rs. 59.56 crores to Rainbow Foundations Limited, thereby disposing non-core assets worth Rs. 1,080.82 crores in total. The proceeds from the disposal will be used to reduce the company's debts. The company had previously announced its proposal to dispose non-core assets with a targeted value of about Rs. 1,000 crores and further non-core assets worth approximately Rs. 200 crores.
Key Highlights
- Ramco Cements Ltd sells non-core assets worth Rs. 59.56 crores to Rainbow Foundations Limited.
- The company has so far disposed non-core assets worth Rs. 1,080.82 crores.
- The proceeds from the disposal will be used to reduce the company's debts.
- The company had previously announced its proposal to dispose non-core assets.
- This is the first disposal of non-core assets after the announcement.