Shares of Ramky Infrastructure gained 1.14 percent on January 1, a day after the company said that it had repaid a debt of Rs 755 crore, and got an extension of due date for repayment of the balance Rs 516.02 crore. At 9:20am, the stock was trading at Rs 800.80.
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On December 31, Ramky Infrastructure, in an exchange filing said that its material subsidiary Srinagar Banihal Expressway (SBEL)had entered into a one-time settlement of debt with lenders for a settlement amount of Rs 1,245.49 crore. Till September 30, 2023, the company had paid Rs 425 crore and, on December 30, 2023 they paid another Rs 330 crore. Additionally, lenders have consented and extended the due date for balance repayment of Rs 516.02 crore till January 30, 2024 without treating it as default the company said.
Also read: Ramky Infra Standalone September 2023 Net Sales at Rs 534.38 crore, up 69.19% YoY
The stock has continued to give investors multi bagger returns. On a YTD basis, the stock has gained around 153 percent and over 405 percent in the five year-period. Ramky Infrastructure is a Hyderabad-based infrastructure company .
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