Archive · 23 Dec 2025
Ramco Cements Sells Non-Core Assets
Ramco Cements, a company based in Chennai, sold some of its non-core assets to a real estate company called Prestige Estates Projects.
They made ₹514.90 crore from this sale.
This is part of their plan to sell non-core assets worth ₹1,000 crore.
So far, they have sold assets worth ₹1,016.92 crore, which is more than their target.
They plan to sell more assets worth ₹200 crore by February 2026.
The money from these sales will help them pay off some of their debt.
Their shares on the stock market stayed the same at ₹1,050.10.
Ramco Cements sold non-core assets worth ₹514.90 crore to Prestige Estates Projects.
This sale is part of their plan to monetize non-core assets worth ₹1,000 crore.
So far, they have disposed of non-core assets worth ₹1,016.92 crore.
They plan to sell additional non-core assets worth ₹200 crore by February 2026.
The proceeds from these sales will be used to reduce the company's debt.
- Who
- Ramco Cements
- What
- Sold non-core assets to Prestige Estates Projects
- When
- Recent sale announced on Monday
- Where
- Chennai, India
- Why
- To monetize non-core assets and reduce debt
Asset Monetization
Debt Reduction
Purpose of Sales
Asset Monetization
The company is focusing on monetizing non-core assets to optimize its portfolio and generate funds.
Debt Reduction
The proceeds from these sales are primarily aimed at reducing the company's debt.
- Amount Raised
- ₹514.90 crore
- Buyer
- Prestige Estates Projects
- Total Disposed So Far
- ₹1,016.92 crore
- Target
- ₹1,000 crore
- Additional Disposal Target
- ₹200 crore by February 2026
- Net Debt (Sep 30)
- ₹4,591 crore
- Share Price (NSE)
- ₹1,050.10
Sources
Ramco Cements sells ₹515-crore of non-core assets to Prestige Estates
Ramco Cements sells non core assets worth Rs 515 crore to Prestige Estates, aims to cut debt
Ramco Cements sells its non-core assets to Prestige Estates for ₹515 crore
Prestige Estates acquires 25-acre land parcel in Medavakkam to expand Chennai presence
