AJR Infra and Tolling has received approval from Board of Directors to sell and transfer 1,00,000 equity shares of Rs 10 each i.e. 100.00% equity stake held by the Company in Tada Infra Development Company (TIDCL), an unlisted non-operative wholly-owned subsidiary of the Company for an aggregate consideration of Rs 2 lakh. The Company is yet to execute the Share Purchase Agreement. Upon completion of the formalities for sale/transfer, TIDCL would cease to be a subsidiary of the Company.
AJR Infra and Tolling is an infrastructure project development company incorporated by Gammon India.
