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| Exchange Received Time 17/08/2018 13:45:28 Exchange Disseminated Time 17/08/2018 13:45:35 Time Taken 00:00:07 | We wish to inform that Ramky Infrastructure Limited has signed definitive agreements on 16 August 2018 with IL&FS Transportation Networks Limited (ITNL) for
(i) Acquisition of 11,67,50,000 Equity shares of Rs. 10 each representing 50% held by ITNL in NAM Expressway Limited which will become our wholly owned subsidiary and
(ii) Sale of 4,20,00,000 Equity shares of Rs. 10 each representing 50% held in Jorabat Shillong Expressway Limited (JSEL) to ITNL
The net consideration payable for the above transaction to ITNL will be Rs. 43.20Crores based on a valuation obtained from an Independent Valuer and is not a related party transaction.
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