Gayatri Highways has proposed to sell up to 36.99% of Equity Share Capital held by the Company in HKR Roadways to Kotak Special Situations Fund (represented by its investment manager, Kotak Investment Advisors) under OTS (Onetime Settlement) Scheme.
The company, Existing Shareholder of HKR Roadways has agreed for sale of their equity shareholding to Kotak Special Situations Fund 17,17,146 fully paid up equity shares of face value of Rs 10 each aggregating to RS 1,71,71,460.
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.
