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Ramky Infrastructure Limited Capital/Financing Update 2018
62456_rns_2018-08-31_879030cf-974c-4772-abfb-c98737399207.pdf
Capital/Financing Update
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Ramky Infrastructure Ltd. Ramky Grandiose, 15th Floor Sy.No. 136/2 & 4, Gachibowli Hyderabad - 500 032 T: +91 40 2301 5000 F: +91 40 2301 5100 E: [email protected] www.ramkyinfrastructure.com CIN: L74210TG1994PLC017356
To,
Hyderabad
31st August, 2018
Bombay Stock Exchange Ltd PhirozeJeejeebhoy Towers, Dalal Street. Mumbai - 400001.
National Stock Exchange of India Ltd Exchange Plaza, Plot No. C/1, Block - G, BandraKurla Complex, Bandra (East), Mumbai - 400051
Dear Sir/Ma'am,
Sub: Outcome of Investment Committee Meeting Ref: NSE Scrip ID: Ramky; BSE Scrip Code: 533262
This is to inform that the Company has executed a Share Purchase Agreement with Cube Highways Pte.Ltd., Singapore for sale of 100% of the Company's shareholding in NAM Expressway Limited. The sale of 100% equity in NAM Expressway Limited is proposed for a consideration of INR 1400/million 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 Limited, the consolidated debt of the company will be reduced by about Rs 13890 million.
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.
Sale of NAM Expressway Limited to Cube Highways Pte Ltd., Singapore is not a related party transaction.
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Kindly take the same on record and acknowledge the receipt of the same.
Thanking You, For RAMKY INFRASTRUCTURE LIMITED
Y R Nagaraja Managing Director DIN: 00009810
Ritrastruc Ram
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