Published On:January 28 2020
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The Ramco Cements Ltd. invests Rs. 5 crores in Lynks Logistics Ltd.

The Ramco Cements Ltd. has invested Rs.5 crores in the capital of Lynks Logistics Limited by way of subscribing to 5 crores equity shares of Rs.1/- each, through their Rights Issue. Consequent to the investment, the total shareholding of the Company in Lynks Logistics Limited is 40,00,00,000 shares of face value of Rs.1/- each constituting 46.32% of its paid up share capital.

The object of Lynks Logistics Limited is to enter into the business of aggregators in logistics field. The object of the venture is to develop a web based platform, which would provide a link between the transporters and the persons availing such transport service. The experience in logistics of The Ramco Cements Limited can be leveraged for the operation of Lynks Logistics and for mutual benefit.

Lynks Logistics Limited was incorporated on 18.12.2015, for providing technology platform to link supply and demand of goods transportation in a timely location aware way. This is an "Aggregator" or "Service Provider" to link Providers of Transport Service and Availers of Transport Service, through modern technology platforms. The Registered Office is at Chennai.

The Company is promoted by The Ramco Cements Limited and other promoters of Ramco Group of Companies. The investment is made at face value and is at arm's length basis and by way of participation in the Rights Issue.

EQUITYBULLS





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