GR Infraprojects has entered into Share Purchase Agreement (SPA) and other relevant transaction documents for sale of Company’s entire investment in equity share of seven wholly owned subsidiary companies namely GR Phagwara Expressway, Porbandar Dwarka Expressway, Varanasi Sangam Expressway, GR Akkalkot Solapur Highway, GR Sangli Solapur Highway, GR Gundugolanu Devarapalli Highway and GR Dwarka Devariya Highway (wholly owned subsidiaries) to Bharat Highways InvIT, subject to such terms and conditions (including fulfillment of conditions precedent) as embodied in the SPA and other relevant transaction documents.
Upon the sale, G R Infraprojects shall receive units of Bharat Highways InvIT. The units will be issued at such price as may be determined, through the book building process under the SEBI InvIT Regulations and InvIT Guidelines.
GR Infraprojects is an integrated road EPC company with experience in design and construction of various road/highway projects across many States in India.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 3914.00 |
| Rail Vikas Nigam | 266.80 |
| NCC | 150.15 |
| KEC International | 559.05 |
| Kalpataru Projects | 1163.30 |
| View more.. | |
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