Ramco Industries Limited — Others, 30-10-2024: Disclosure under SEBI Takeover Regulations

Rajapalayam Mills Limited reported the acquisition of shares in Ramco Industries Limited through an inter-se transfer among promoter group members, exempt from making an open offer. Ramco Management Private Limited acquired 1,07,00,000 shares (12.32%), while Rajapalayam Mills Limited acquired 33,91,500 shares (3.91%). Post-transaction, Ramco Management holds 14.51% and Rajapalayam Mills holds 13.59% of Ramco Industries' diluted share capital. The shares were acquired at Rs. 232.05 each.