Gayatri Highways has proposed to acquire 51% of Equity Share Capital in Balaji Highways Holding (the target company) from the Existing Shareholder of the Target Company.
The Existing Shareholder of Balaji Highways Holding has agreed for sale of their 51% equity shareholding to Gayatri Highways (51,000 fully paid-up equity shares of face value of Rs 10 each aggregating to Rs 5,10,000). The target company is engaged in the business of undertaking infrastructure Projects. The acquisition is expected to be completed within 60 days from the date of acceptance of sale of Equity Shares by the Existing Shareholder of the target company.
Gayatri Highways is engaged in the business of Construction And Maintenance Of Motorways, Streets, Roads, Other Vehicular And Pedestrian Ways, Highways, Bridges, Tunnels And Subways. The company's products and services range include Operation & Maintenance activities.
