Ramco Cements sells non-core land for Rs 514.90 cr to Prestige Estates

Strategic Transactions View source PDF Explain this filing

RAMCOCEM · price

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Price reactionminutes from the announcement price · days from the prior close

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prior close

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+1.0%-1.0% vs market

Cement & Cement Products peers, median of 35sector+0.3%-0.3% vs sector

On the reaction day the stock moved 1.0 pts less than Nifty Smallcap 250 and 0.3 pts less than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Smallcap 250Sector · Cement & Cement Products peers, median of 35Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Ramco Cements sold non-core land assets worth Rs 514.90 crores to Prestige Estates Projects on 22 Dec 2025. The company plans to sell further non-core assets worth about Rs 200 crores before Feb 2026. Total non-core asset disposals now stand at Rs 1,016.92 crores, crossing the Rs 1,000 crore target. Proceeds will be used to reduce company debt.

Likely market impact

Debt reduction from sale proceeds is positive for the balance sheet and may lower interest costs going forward.