Gayatri Highways has proposed to acquire 13% of equity share capital in HKR Roadways from the existing shareholder. The existing shareholder of HKR Roadways has agreed for sale of 6,03,498 fully paid up equity shares of face value of Rs 10 each aggregating to Rs 60,34,980.
HKR Roadways is engaged in the business of four-laning of roads in Telangana under Public Private Partnership on build, operate and transfer (BOT) basis and to collect toll, charges and fees from the users of the said project.
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.
