|
Bundl Technologies (Swiggy), engaged in the online delivery of food and/or fast moving consumer goods, providing an online marketplace for the facilitation of transactions between consumers and sellers (including restaurants and cloud kitchens) of food (whether prepared food or retail food products) and/or other fast moving consumer goods, facilitating online discovery, reservation of tables at restaurants and/or providing customers app linked offers and benefits for dining in at restaurants, operating cloud kitchens for online delivery of prepared food.
The company will sale and transfer its entire shareholding, 49,95,16,202 equity shares to Bundl Technologies simultaneously the company will acquire 24,18,915 compulsorily convertible preference shares of Bundl.
The transaction is proposed to be carried out through swapping of shares / sale of shares held in Lynks Logistics and acquisition of Compulsory Convertible Preference Shares of Bundl Technologies. The said transaction is expected to be completed by 14 August 2023.
The Ramco Cements (TRCL) is a reputed cement manufacturer in India and markets its products under the Ramco brand. The company also has two modest-scale subsidiaries, Ramco Windfarms (with a 39-MW windmill capacity) and Ramco Industrial and Technology Services (which is into transport services, manpower services and IT).
On a consolidated basis, net profit of The Ramco Cements rose 27.23% to Rs 150.86 crore on 50.72% increase in net sales to Rs 2558.68 crore in Q4 March 2023 over Q4 March 2022.
|