Ramco Industries Limited — Others, 22-10-2024: Disclosure under SEBI Takeover Regulations

Ramco Industries Limited has announced plans for a substantial acquisition of shares from its subsidiary Ramco Management Private Limited and Rajapalayam Mills Limited. The acquisition involves procuring a total of 1,40,91,500 shares, representing 16.23% of the total share capital. The proposed acquisition price will comply with SEBI regulations, and all necessary disclosures have been fulfilled. The transfer is among promoter group members, with an exemption from making an open offer due to regulatory compliance.