Ramky Infrastructure Limited has informed the Exchange regarding Outcome of Board Meeting held on March 28, 2026.
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Ramky Infrastructure's board, meeting on March 28, 2026, approved the sale of its shares in Visakha Pharmacity Limited (VPCL) to Brij Gopal Construction Company Private Limited (BGCCPL). The Managing Director and CFO have been jointly authorised to finalise the terms and execute the Share Purchase Agreement (SPA). The move is in line with a shareholder approval already secured via postal ballot results declared on January 28, 2024. Further details (including consideration amount) will be disclosed after the SPA is signed. The board meeting ran from 5:45 PM to 6:15 PM.
This is a divestment of a subsidiary/associate stake, which could bring in cash inflows for Ramky Infrastructure once the deal closes. Shareholders should watch for the post-SPA disclosure for the deal value, as that will determine whether the move is value-accretive or neutral for the stock.