Ramco Systems to raise Rs 65cr via rights issue

Chennai-based Ramco Systems is planning to raise Rs 65 crore via a 1:4 rights issue (i.e one share for every four shares held) to fund expansion of its marketing infrastructure and the on-going research and development (R&D) activities.

Ramco Systems will issue 30,70,751 equity shares of Rs 10
each at Rs 210 per share (including the premium of Rs 200 per share), the company informed the stock exchanges today.