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Ramco Industries subscribes to rights issue of Lynks Logistics

Capital Market 

Invests Rs 5 crore to hike its stake to 16.62% in Lynks Logistics

Ramco Industries has invested Rs 5 crore in the capital of Lynks Logistics by way of subscription to 5 crore shares of Re 1 each, through their rights issue.

Consequent to the investment, the total shareholding of the company in Lynks Logistics is 12,69,00,000 shares of Re 1 each constituting 16.62% of its paid up share capital.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, January 10 2020. 15:50 IST