Ramky Infrastructure, an integrated construction and infrastructure development company in India, announced that the Joint Lenders Forum (JLF) of consortium banks in order to arrive at an early and feasible solution and preserve the economic value of the underlying assets as well as the lenders' loans has advised the company for restructuring under JLF as the Corrective Action Plan (CAP).

The company has submitted CAP to State Bank of India, the lead member of the consortium banks. The JLF will finalize the restructuring package.

Shares of the company gained Rs 0.85, or 1.69%, to trade at Rs 51.05. The total volume of shares traded was 15,846 at the BSE (11.34 a.m., Tuesday).