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News Ramco Cements to sell Lynks Logistics

Ramco Cements to sell Lynks Logistics

Written by Global Cement staff 13 July 2023
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India: Ramco Cements has received board approval to sell its entire stake in its transport subsidiary Lynks Logistics. CNBCTV18 News has reported that the producer plans to execute a share subscription and purchase agreement with food delivery service operator Bundl Technologies.

Ramco Cements originally invested in a 46% stake in Lynks Logistics for US$700,000 in January 2020. It enlarged its stake to 69% for US$273,000 in September 2020.

Last modified on 19 July 2023
Published in Global Cement News
Tagged under
  • India
  • Ramco Cement
  • Lynks Logistics
  • Bundl Technologies
  • Transport
  • logistics
  • Divestments
  • Stake
  • GCW617
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