Bharat Road Network (BRNL) has recently entered into Securities Purchase Agreement (SPA) with KMC Infratech Road Holdings and KMC Constructions (they together hold balance 51% equity shares in GIPL), for acquisition of remaining 51% stake in Guruvayoor Infrastructure (GIPL), thus taking the total shareholding of the company in GIPL to 100%. The said transaction is subject to necessary Regulatory Approvals. GIPL shall become Wholly Owned Subsidiary of the company.
Bharat Road Network (BRNL) is a road build-operate-transfer (BOT) in India, focused on development, implementation, operation and maintenance of roads/highways projects.
