Ajay Piramal group has reportedly emerged as the front runner to purchase Ramky Infrastructure’s three highway projects. The Piramal group has signed a nonbinding agreement to buy ownership of Ramky’s Eslamex Hyderabad Ring Road, Sehore Kosmi Tollways and NAM Expressway.
The Piramal group is planning to purchase a majority 51% stake and take management control with an investment horizon of more than six years as part of its strategy to acquire such projects that could see it becoming the country’s biggest roads operator.
Ramky Infrastructure is the flagship company of the Ramky Group, one of the leading civil and infrastructure engineering companies in India.
