Hyderabad-based Ramky Infrastructure is in active discussions with investors and buyers to sell four of its road assets, including Ramky Eslamex, Sehore Kosmi Tollways, Hyderabad Outer Ring Road and NAM Expressway, a senior company official said. Ramky expects to earn around Rs 1,000 crore from the sale. In addition, it is looking to sell a 1,200-acre land parcel on the outskirts of Hyderabad. Asset monetisations form part of the conditions for restructuring Ramky´s debt under Joint Lenders Forum (JLF).
¨We are in active discussions with several buyers to sell these assets, and are hopeful of closing some transactions within this financial year itself,¨ the official said. The company has executed restructuring documents.
Leave a Reply
You must be logged in to post a comment.