/ Ramky Infra Soars Nearly 6% Completes Arrangement With ICICI Bank ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 3 April 2017

Ramky Infrastructure stocks have surged up nearly 6% on BSE at Rs 107.65 per share as the company has successfully completed the debt swap agreement with ICICI Bank Ltd., by selling the industrial land owned by the group.

The sale consideration was used to settle in full the entire fund based exposure of RIL with ICICI Bank Ltd., for value of Rs 196 crore, and the remaining Rs 23 crore was used to partially settle the fund based exposure in N.A.M. Expressway Ltd., with ICICI Bank.

The stock has outperformed both BSE Small-cap index and Nifty Infrastructure Index on a yearly basis.

Ramky Infrastructure Limited is a construction, infrastructure development and management company. The Company provides construction and civil engineering services. Its segments include Construction business, developer business and others.

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