The Ramco Cements Limited announced the sale of non-core assets worth ₹514.90 crores to M/s. Prestige Estates Projects Limited on December 22, 2025. This sale is part of the company’s plan to dispose of non-core assets with a targeted value of about ₹1,000 crores. With this transaction, the company has disposed of non-core assets worth ₹1,016.92 crores to date. Proceeds will be used to reduce debts.
Non-Core Asset Disposal
As of December 22, 2025, The Ramco Cements Limited successfully sold non-core assets amounting to ₹514.90 crores to M/s. Prestige Estates Projects Limited.
Disposal Progress
With the current transaction, the company has realized ₹1,016.92 crores from the disposal of non-core assets, surpassing its initial target of ₹1,000 crores.
Further Asset Disposal
The company intends to dispose of additional non-core assets worth approximately ₹200 crores before February 28, 2026.
Use of Proceeds
The proceeds from the sale of non-core assets will be used to reduce the company’s debt.
Background
This announcement follows the company’s earlier communication on November 11, 2024, regarding its proposal to dispose of non-core assets. Prior to this sale, the company had already disposed of non-core assets worth ₹502.02 crores.
Source: BSE