Ram Info diversifies its business into Agri-Logistics; Stock tumbles ~8%

6 Jan 2022 , 09:55 AM

Ram Info Limited has successfully diversified its initial steps into the Agri-Logistics Business and have executed its first agreement of “Online Distribution/ Digital Channel Distribution Agreement” with the “Telangana State Co-Operative Oilseeds Grower Federation Limited” (TSOILFED), a Public-Sector Undertaking under the State of Telangana.

As per regulatory filing, the Company’s focus is to act as the “Digital Channel Partner” to provide the Digital Platforms and framework to promote/market the distribution of the products of TSOILFED under the brand name “Vijaya”.

The Company is of the opinion that the Combined Business would benefit to leverage significant opportunities in Direct to Customer (D2C), Company derives revenue based on the Vijaya products sales through Digital Channels.

At around 9:56 AM, Ram Info was trading at Rs140.70 apiece down by 7.89% on Sensex.