The Ramco Cements Limited has informed the Exchange about Acquisition of shares Ramco Windfarms Limited
RAMCOCEM · price
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The Ramco Cements Limited has completed the acquisition of the remaining 28.50% equity shares (28,50,000 shares) of Ramco Windfarms Limited on 21 August 2025. With this acquisition, Ramco Windfarms has become a 100% Wholly Owned Subsidiary of Ramco Cements. The total cash consideration paid was Rs. 28.50 lakhs at Rs. 1.00 per share, based on a valuation by Saffron Capital Advisors. The shares were acquired from five related parties/group companies. Ramco Windfarms is in the wind power generation business, and since October 2023, the entire power it generates has been consumed captively by Ramco Cements for its cement operations. The other group shareholders have shifted to solar power and no longer need to hold shares in the wind power entity.
This is a small-value consolidation (Rs. 28.50 lakhs) that does not materially affect Ramco Cements' financials. It simplifies the group structure by making the wind power unit a fully-owned subsidiary, ensuring continued captive power supply for the cement business. No open offer is triggered and there is no significant impact on shareholders' value or stock price.