{"id":4709,"date":"2024-10-29T10:42:23","date_gmt":"2024-10-29T05:12:23","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=4709"},"modified":"2024-10-29T10:42:24","modified_gmt":"2024-10-29T05:12:24","slug":"ramco-industries-rises-6-following-major-stake-realignment-in-block-deals","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/ramco-industries-rises-6-following-major-stake-realignment-in-block-deals\/","title":{"rendered":"Ramco Industries Rises 6% Following Major Stake Realignment in Block Deals"},"content":{"rendered":"\n

Shares of Ramco Industries surged over 6 percent to Rs 247 on October 29 after a significant transaction where 14.1 million shares, representing 16.2 percent of the company\u2019s equity, exchanged hands in two large block deals, Bloomberg data reported. The trades come as part of a strategic disinvestment plan by Ramco Cements, a promoter of Ramco Industries, which sold these shares to Rajapalayam Mills and Ramco Management, both also part of the promoter group.<\/p>\n\n\n\n

In an exchange filing, Ramco Industries clarified that the transaction is an \u201cinter-se promoter transfer,\u201d meaning that it only affects the stake distribution among promoters, leaving the company’s management and control unchanged. The adjustment is a strategic move within the group to realign stakes without impacting day-to-day operations.<\/p>\n\n\n\n

Ramco Industries manufactures a diverse range of construction products, including fibre-cement sheets and calcium silicate boards, and also operates in the textile-yarn sector. The company’s stock has gained 10 percent this year, slightly underperforming the 12 percent rise in the benchmark Nifty 50 index.<\/p>\n\n\n\n

In its latest quarterly holdings report, foreign institutional investors (FIIs) slightly reduced their stake to 0.96 percent from 0.98 percent, while mutual fund holdings remained steady at 2.63 percent.<\/p>\n\n\n\n

Do you have a news tip for Lakshmishree reporters? Please email us at <\/em>media@lakshmishree.com<\/p>\n\n\n\n

Source:\u00a0Moneycontrol<\/a><\/sup><\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of Ramco Industries surged over 6 percent to Rs 247 on October 29 after a significant transaction where 14.1 million shares, representing 16.2 percent of the company\u2019s equity, exchanged hands in two large block deals, Bloomberg data reported. The trades come as part of a strategic disinvestment plan by Ramco Cements, a promoter of […]<\/p>\n","protected":false},"author":1,"featured_media":4710,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[596],"class_list":["post-4709","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-ramco-industries"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4709","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=4709"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4709\/revisions"}],"predecessor-version":[{"id":4711,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4709\/revisions\/4711"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/4710"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=4709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=4709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=4709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}