Ramky Infrastructure is in active discussions with buyers to sell 4 of its road assets. The company is expected to earn around Rs 1,000 crore from this sale. Further, the company is also looking to sell a 1,200 acre land parcel on the outskirts of Hyderabad.
The company has recently executed the restructuring documents with 6 lenders comprising State Bank of India, State Bank of Hyderabad, Punjab National Bank, IDBI Bank, ICICI Bank and Axis Bank. The company’s debt restructuring package is pegged at Rs 2,700 crore, including additional fund and non-fund based loans.
Ramky Infrastructure is the flagship company of the Ramky Group, one of the leading civil and infrastructure engineering companies in India.
