Ramky Infrastructure, an integrated construction and infrastructure development company, witnessed a sharp rise of 16% in share prices after the company executed agreement with lenders to restructure debt.

On Jun. 12, 2015, the company signed debt recast agreement with six lenders comprising State Bank of India, State Bank of Hyderabad, Punjab National Bank, IDBI Bank, ICICI Bank and Axis Bank.

The other 3 lenders of the Joint Lenders forum, Yes Bank, Kotak Mahindra Bank and Standard Chartered Bank did not participate to the restructure agreement.

Shares of Ramky Infrastructure are trading at Rs 34.55, up Rs 4.75, or 15.94% at the Bombay Stock Exchange (BSE) on Wednesday at 11:31 a.m. In the earlier session, the shares rose 1.53%, or Rs 0.45, at Rs 29.80.

The scrip has touched an intra-day high of Rs 35.75 and low of Rs 32.50. The total volume of shares traded at the BSE is 362,755.

Total volume of shares traded on the bourses today was higher by 4,121.32% to 1,463,928 compared with 22-day average volume of 34,679.