Corporate News     22-Dec-22
Board of Ramco Industries approves investment of Rs 45 cr in Ramco Systems
The Board of Ramco Industries at its meeting held on 22 December 2022 has approved the proposal for subscription to 16,42,335 equity shares under the Preferential Issue of Ramco Systems (RSL) at an issue price of Rs.274 per share for an aggregate amount not exceeding Rs.45 crore.

The Company presently holds 54,67,376 shares in RSL representing 17.74% of their Paid up Share Capital. Post subscription to the Preferential Issue the Company would be holding 71,09,711 shares representing 19.39% (post allotment of equity shares/conversion of warrants into equity shares by RSL) of their Paid up Share Capital.

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