the same is low and a minimum threshold level has not yet been stipulated. However, the grading is significantly influenced by the stated intend of the board to increase awareness as well as stipulate the threshold level in the near future. Four of the five independent directors joined the board in October 2007. In this period their awareness of the business operations in general, and group company dynamics in particular, has been average.
The company will also have to significantly upgrade its information system to capture the substantial business opportunities available to it in the construction business over the medium term.
About the company and the issue
Ramky Infra, promoted by Mr. Alla Ayodhya Rami Reddy, was incorporated in April 1994 and began operations by being a small contractor in the water and waste water segment. The company has grown rapidly in the last 5 years on the back of large investments taking place in India.
Ramky Infra's revenues have registered a CAGR of 78 per cent over the last 3 years, with operating margins improving to 10.7 per cent from 7.4 per cent in 2004-05.
RIL aims to raise Rs 4 billion by this proposed public issue of 9,884,003 equity shares.
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