The Board of Ramco Industries at its meeting held on 11 November 2024 has approved investment by purchase of shares of The Ramco Cement, for a value up to Rs 160 crore in one or more tranches, through stock exchanges.
The board also approved raising credit facilities from Banks/ Mutual Funds/ NBFCs by way of Secured, Rated, Redeemable, Non-Convertible Debentures/ term loan or any other borrowing mode asrequired/ stipulated by Banks/ Mutual Funds / NBFCs upto an amount not exceeding
Rs.160 crore in one or more tranches, for corporate requirements and for funding the above investment.