Lynks Logistics Limited announced a private placement of 48,100,000 common shares at INR 1 per share for gross proceeds of INR 48,100,000 on October 23, 2017. The transaction included participation from returning investor The Ramco Cements Limited (BSE:500260) to increase its stake from 47.18% to 47.62% in the company. The company issued shares at par. The company issued securities through rights issue method. The company has reported turnover of INR 23,722,000 for the year ended March 31, 2017.