Ramky Infrastructure Limited has restructured its debt under the Joint Lenders Forum with six banks signing and three others not taking part, the company informed BSE.
The Hyderabad-based infrastructure company has executed the restructure documents with a group of six lenders on June 12.
The agreement was inked with lenders comprising of State Bank of India, State Bank of Hyderabad, Punjab National Bank, IDBI Bank, ICICBI Bank and Axis Bank.
Three other lenders of the joint lenders forum –Yes Bank Limited, Kotak Mahindra Bank and Standarad Chartered Bank did not participated in the restructure agreement.
While the agreement was inked last week, the company had on March 30 informed it was in the process of restructuring scheme of its debt under the Joint Lenders Forum.
The company's shares ended up 2.09 per cent at Rs 29.30 on the BSE on Monday.