Ramky
Enviro Engineers is readying itself to enter capital market with an initial
public offer to raise up to Rs 1,000 crore to part fund its expansion.
Ramky Enviro
Engineers is readying itself to enter capital market with an initial public
offer to raise up to Rs 1,000 crore to part fund its expansion.
The bankers
for the proposed offer include Kotak Mahindra Bank, JPMorgan Chase, SBI Capital
Markets and Edelweiss Capital, according to company sources.
Part of the
diversified Ramky Group and listed entity Ramky Infrastructure Ltd, the company
is engaged in waste and environmental management solutions, including using
urban waste to generate power.
The
Hyderabad-based company, which is backed by investments made by Standarad
Chartered equity arm and IL&FS Fund, will launch its application next month
and expects to enter market when the market conditions are ideal.
Ramky Enviro
and Chinese company Chongquin Sanfeng have recently formed a venture to set up
a series of waste to energy projects. Sanfeng has the technology and EPC
capability for such waste to energy projects.
Ramky has
arrangements to develop projects in Delhi, Mumbai, Hyderabad and few other
locations.
2 comments:
Dear Be and Make,
What is your take on teh following announcement on downgrade of rating:-
Ramky Infrastructure Ltd has informed BSE that CRISIL has revised its ratings on the bank facilities of Ramky Infrastructure Ltd as under :
1. Long-Term Rating: CRISIL A-/Negative (Downgraded from ''CRISIL A+/Negative'')
2. Short-Term Rating : CRISIL A2+ (Downgraded from ''CRISIL A1'')
Pls. reply. Should we hold?
Theirs some many chinese stocks trading at rock bottom prices.
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