Ramky Infrastructure Gets NCLT Nod to Merge Toll Road Subsidiaries

Ramky Infrastructure Limited ( (IN:RAMKY) ) has issued an update.

Ramky Infrastructure Limited has received a sanctioning order from the National Company Law Tribunal, Hyderabad Bench, approving the amalgamation of its wholly owned subsidiaries Sehore Kosmi Tollways Limited and Ramky Elsamex Hyderabad Ring Road Limited with the parent company, effective from April 1, 2024. The tribunal’s approval enables the automatic transfer of all assets, liabilities, and ongoing legal and tax matters of the transferor entities to Ramky Infrastructure, subject to full compliance with statutory, tax, accounting, and regulatory requirements, marking a key step in simplifying the group structure and potentially improving operational and financial consolidation for stakeholders.

More about Ramky Infrastructure Limited

Ramky Infrastructure Limited is an Indian infrastructure development and construction company focused on transportation, roads and highways, and urban infrastructure projects. Through its subsidiaries and project-specific entities, the company develops and operates toll roads and related assets, with a primary market focus on domestic infrastructure concessions and engineering, procurement, and construction contracts.

Average Trading Volume: 1,854

Technical Sentiment Signal: Hold

Current Market Cap: 31.91B INR

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