Deals28 Dec 2023, 03:27 am
RAMKY INFRASTRUCTURE LTD. Approves Sale of Subsidiary and Appoints Independent Director
AI Summary
The Board of Directors of RAMKY INFRASTRUCTURE LTD. has approved the sale of its 100% shareholding in its material subsidiary, Visakha Pharmacity Limited, to Brij Gopal Construction Company Private Limited for Rs. 288.36 crores. The company has also appointed Mr. P. Eshwar Reddy as an Independent Director for a period of three years, subject to shareholder approval.,
Key Highlights
- Sale of subsidiary to related party
- Appointment of Independent Director
- Consideration of Rs. 288.36 crores