India's Ramky Infra rises on part repayment of debt

Ramky Infrastructure

01/01/2024 06:37

** Shares of Ramky Infrastructure  RAMK.NS  up as much as 2.7%
at 813 rupees
    ** Stock on track for second consecutive session of gains,
if trends hold 
    ** RAMK in an exchange filing said, as of Dec. 30, it has
repaid 7.55 bln rupees ($90.76 million) of debt
    ** Lenders have agreed to extend the due date for the
repayment of the remaining debt worth 5.16 bln rupees until Jan.
30, co adds
    ** Stock has been trading above its 100-day moving avg since
March 31, 2023
    ** Stock last up 2.4% 
 
 

($1 = 83.1875 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))