Bundl Technologies Private Limited agreed to acquire unknown stake in Lynks Logistics Limited from The Ramco Cements Limited (NSEI:RAMCOCEM) on July 13, 2023. The 49,95,16,202 equity shares held by Ramco will be exchanged for 24,18,915 Compulsory Convertible Preference Shares of Bundl Technologies Private Limited. The board of Ramco Cements Limited approved the execution of the Share Subscription and Purchase Agreement on July 12, 2023. The transaction is expected to close on August 14, 2023. As on August 14, 2023, the transaction is expected to complete on or before August 31, 2023. Avendus Capital Private Limited acted as the financial advisor to Lynks Logistics Limited. Gautam Dayaldasani of BDO acted as due diligence advisor for Ramco.

Bundl Technologies Private Limited completed the acquisition of an unknown stake in Lynks Logistics Limited from The Ramco Cements Limited (NSEI:RAMCOCEM) on August 29, 2023. Gautam Singh, Nisha Kaur Uberoi, Gautam Chawla, Atul Gupta, Vadiraja PS, Nandita Bhakta, Rahat Dhawan and Hitesh Kumar A of TriLegal Partners acted as legal advisor to Bundl Technologies. Shekhar Rajan Bhende, Nikhil Sachdeva and Mayank Malhotra of TriLegal Partners acted as legal advisor to Lynks Logistics.