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G R Infraprojects inks pact with Aadharshila Infratech to transfer 21% stake of subsidiary

01 Nov 2023 Evaluate

G R Infraprojects has entered into Share Purchase Agreement with Aadharshila Infratech for transfer of 21% Equity shares being held by the company in its wholly owned subsidiary namely Nagaur Mukundgarh Highways (NMHPL)

Therefore, upon completion of the aforesaid transfer, NMHPL would cease to be wholly owned subsidiary of the Company and will become subsidiary of the Company. Nagaur Mukundgarh Highways is not a material subsidiary of the Company. 

GR Infraprojects is an integrated road EPC company with experience in design and construction of various road/highway projects across many States in India.


Peers
Company Name CMP
Larsen & Toubro 3924.40
Kalpataru Projects 1395.10
NCC 136.15
Rail Vikas Nigam 212.70
KEC International 397.15
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