The Company has completed the acquisition of 500000 shares of Ramco Industries Limited.
RAJPALAYAM · price
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Rajapalayam Mills Ltd has completed the acquisition of 5,00,000 shares of Ramco Industries Limited on 4th September 2025 through the Block Deal mechanism. The total cost of acquisition was Rs. 15.45 crores, within the Rs. 15.80 crore limit approved by the Board. The shares were purchased from Smt. Alagaraja Ramalakshmi, a member of the Promoter Group. This is essentially an inter-promoter group transfer of shares of Ramco Industries, which is a separate listed entity.
This is an internal promoter group reshuffle of an existing investment rather than a new market purchase, so it is unlikely to have a material impact on the share price of Rajapalayam Mills. Shareholders may view this as a signal that the promoter group is consolidating its holdings in Ramco Industries within the listed entity.