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Ramco Systems is an enterprise software player having multi-tenant cloud and mobile-based enterprise software in HR and Global Payroll, ERP and M&E MRO for Aviation. The company is a part of Ramco Group. It is headquartered in Chennai, and has around 1800+ employees spread across 24 offices globally.
HDFC Mutual Fund has sold 974,596 shares of Ramco Systems Ltd. The transaction, involving HDFC Flexi Cap and Balanced Advantage Funds, reduces their combined stake from 4.51% to 1.91%. This represents a 2.60% decrease in their holding.