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BRNL inks SPA for acquiring balance stake in GIPL

03 Nov 2017 Evaluate

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.


Bharat Road Network Share Price

21.01 -0.60 (-2.78%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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