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Ramky Infrastructure completes sale of NAM Expressway

04 Dec 2018 Evaluate

Ramky Infrastructure has completed the sale of 100% of the company's shareholding in NAM Expressway to Cube Highways and Infrastructure Pte, Singapore. Pursuant to the completion of the 100% share transfer, the consolidated debt of the company is reduced by about Rs 15,590 million.

Further with effect from December 1, 2018, NAM Expressway shall ceases to be a Wholly owned subsidiary of Ramky Infrastructure.

Ramky Infrastructure is the flagship company of the Ramky Group, one of the leading civil and infrastructure engineering companies in India.

Peers
Company Name CMP
Larsen & Toubro 3930.10
Kalpataru Projects 1370.20
NCC 119.65
Rail Vikas Nigam 190.65
KEC International 348.10
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