Executes restructuring documents with 6 out of 9 lenders of the joint lenders forum
Ramky Infrastructure announced that the Board have reviewed the restructuring scheme under joint lenders forum and approved the same for execution by the Company.On 12 June 2015, the Company has executed the restructuring documents with 6 lenders comprising of State Bank of India, State Bank of Hyderabad, Punjab National Bank, IDBI Bank, ICICI Bank and Axis Bank. The other 3 lenders of the joint lenders forum viz. Yes Bank, Kotak Mahindra Bank and Standard Chartered Bank have not participated to the restructure agreement.
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