MEP Infrastructure Developers’ Promoter -- AJ Tolls -- has acquired 2,20,000 equity shares of the company through open market purchases for an amount of around Rs 72.13 lakh during the period July 13, 2018 and July 16, 2018.
After this acquisition, the promoter company has increased its stake from 30000000 equity shares or 16.35% to 30220000 equity shares or 16.47%.
MEP Infrastructure Developers is engaged in tolling operations of the road infrastructure sector, with a pan-India presence. MEP Infra is in the business of pure toll collection projects as well as OMT projects, which involve maintenance obligations in addition to toll collection on operational roads (including highways) constructed by third parties.
