Good article which mentions why Ramco group wants to reduce/eliminate all cross holdings. (basically foriegn investors avoid investing in group having multiple cross holdings and various holding structures and group wants to attract more FIIs). The article says Ramco Industries would be holding co of all other listed cos.
Initially I though the article is just a rumour but things are happening as per the article.
- Ramco cements sold all shares of Ramco Industries.
- Ramco Industries to buy Rs 160crs worth of Ramco cement shares
- Rajapalyam to sell Rs 120crs worth of Ramco cement shares. (most like to Ramco Industries). Not sure why Rajapalyam buying ramco industries shares…
This is a good trigger. Added today.
Disclosure: Invested . Not a registered RIA. Not a buy/sell recommendation. Consult your Investment Advisor.
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