 "Ramky Infra extends gains on huge volumes")
Shares of Ramky Infrastructure has rallied 16% to Rs 34.70, extending its 4% gain in past two trading sessions on the BSE, after the company said including State Bank of India (SBI), six lenders from a consortium of nine banks approved the company's debt restructuring plan.
On June 12, the company executed the debt restructuring with six lenders comprising namely SBI, State Bank of Hyderabad, Punjab National Bank, IDBI Bank, ICICI Bank and Axis Bank, Ramky Infrastructure said in a BSE filing.
The other three lenders of the joint lenders forum viz Yes Bank, Kotak Mahindra Bank and Standard Chartered Bank have not participated/party to the restructure agreement, it added.
The stock opened at Rs 32.50 and touched high of Rs 35.75 on the BSE. The counter has seen huge trading volumes with a combined 1.27 million shares changed hands till 1029 hours against an average sub 100,000 shares that were traded daily in past two weeks on the BSE and NSE.
On June 12, the company executed the debt restructuring with six lenders comprising namely SBI, State Bank of Hyderabad, Punjab National Bank, IDBI Bank, ICICI Bank and Axis Bank, Ramky Infrastructure said in a BSE filing.
The other three lenders of the joint lenders forum viz Yes Bank, Kotak Mahindra Bank and Standard Chartered Bank have not participated/party to the restructure agreement, it added.
The stock opened at Rs 32.50 and touched high of Rs 35.75 on the BSE. The counter has seen huge trading volumes with a combined 1.27 million shares changed hands till 1029 hours against an average sub 100,000 shares that were traded daily in past two weeks on the BSE and NSE.
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