Rs 3,860 crore cleared: Hyderabad’s Ramky Infrastructure Limited becomes debt-free

HYDERABAD: Ramky Infrastructure Limited, the flagship of the Hyderabad-based Ramky Group, on Tuesday said it has finally became debt-free after a decade-long financial restructuring exercise with the repayment of its entire debt of around 3,860 crore.

The company said it had successfully executed a restructuring exit agreement (REA) with its lenders on July 11.

The company entered into a restructuring agreement (RA) on June 12, with its lenders to reorganise its entire debt. This included term loans of 2,060 crore, which it repaid by June 2019, as well as 1,800 crore working capital facilities.