Ramky Infrastructure has executed a Share Purchase Agreement with Cube Highways Singapore for sale of 100% of the company’s shareholding in NAM Expressway. The sale of 100% equity in NAM Expressway is proposed for a consideration of Rs 140 crore along with all its liabilities. The sale proceeds shall be used to reduce the debt of the company. Consequent to the sale of 100% shareholding in NAM Expressway, the consolidated debt of the company will be reduced by about Rs 1529 crore.
The company, having obtained the approval of Authorities and Senior Lenders for the change in ownership is in the process of achieving the closure formalities.
Ramky Infrastructure is the flagship company of the Ramky Group, one of the leading civil and infrastructure engineering companies in India.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 4034.20 |
| Rail Vikas Nigam | 297.30 |
| NCC | 160.95 |
| KEC International | 563.00 |
| Kalpataru Projects | 1237.75 |
| View more.. | |
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