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The latest update is out from Ramco Industries Limited ( (IN:RAMCOIND) ).
Ramco Industries Limited has updated the National Stock Exchange of India and BSE Limited regarding ongoing litigation related to the West Bengal Tax on Entry of Goods into Local Areas Act, 2012. The company had previously challenged the act’s validity, and after a series of legal proceedings, the West Bengal High Court ruled in favor of the government. Ramco has filed an appeal with the Supreme Court and opted for the Settlement of Dispute Scheme, paying 75% of the entry tax, which amounts to Rs. 2.21 Crores, and expects to benefit from a 25% reduction in the dispute amount and related interest and penalties.
More about Ramco Industries Limited
Average Trading Volume: 13,615
Technical Sentiment Signal: Buy
Current Market Cap: 26.49B INR
Find detailed analytics on RAMCOIND stock on TipRanks’ Stock Analysis page.