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Ramky Infrastructure trades jubilantly on completing sale of industrial land to ICICI Bank

03 Apr 2017 Evaluate

Ramky Infrastructure is currently trading at Rs. 107.55, up by 5.65 points or 5.54% from its previous closing of Rs. 101.90 on the BSE.

The scrip opened at Rs. 101.90 and has touched a high and low of Rs. 109.50 and Rs. 101.90 respectively. So far 102207 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 112.80 on 21-Mar-2017 and a 52 week low of Rs. 51.80 on 18-Nov-2016.

Last one week high and low of the scrip stood at Rs. 109.50 and Rs. 99.15 respectively. The current market cap of the company is Rs. 608.01 crore.

The promoters holding in the company stood at 67.76%, while institutions and non-institutions held 9.20% and 23.04% respectively.

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.

Ramky Infrastructure Share Price

477.40 -10.90 (-2.23%)
13-Apr-2026 09:49 View Price Chart
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