Ramky Infrastructure has successfully completed a ‘Debt Asset Swap’ arrangement with ICICI Bank by selling the Industrial Land owned by the Group. The sale consideration is valued Rs 219 crore.
The sale consideration was used to settle in full the entire fund based exposure of Ramky Infrastructure with ICICI Bank for value Rs 196 crore and the balance Rs 23 crore was used to partially settle the fund based exposure in ‘N.A.M. Expressway’ (Jointly controlled Entity) with ICICI Bank.
Ramky Infrastructure is the flagship company of the Ramky Group, one of the leading civil and infrastructure engineering companies in India.
