Ramky Infrastructure has executed the restructuring documents on June 12, 2015 with 6 lenders comprising State Bank of India, State Bank of Hyderabad, Punjab National Bank, IDBI Bank, ICICI Bank and Axis Bank. The other 3 lenders of the Joint Lenders forum - Yes Bank, Kotak Mahindra Bank and Standard Chartered Bank have not participated/party to the restructure agreement.
The board of directors at its meeting held on March 30, 2015, had reviewed the restructuring scheme under Joint Lenders forum (JLF) and approved the same for execution by the company.
Ramky Infrastructure is the flagship company of the Ramky Group, one of the leading civil and infrastructure engineering companies in India.
