Ramky Infrastructure has signed definitive agreements with IL&FS Transportation Networks (ITNL) for acquisition of 11,67,50,000 Equity shares of Rs 10 each representing 50% held by ITNL in NAM Expressway which will become its wholly owned subsidiary. The company will sell 4,20,00,000 Equity Shares of Rs 10 each representing 50% held in Jorabat Shillong Expressway (JSEL) to ITNL. The net consideration payable for the above transaction to ITNL will be Rs 43.20 crore.
Ramky Infrastructure is the flagship company of the Ramky Group, one of the leading civil and infrastructure engineering companies in India.
