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Gayatri Highways plans to acquire 23% stake in HKR Roadways

28 Aug 2024 Evaluate

Gayatri Highways has planned to acquire around 10,67,729 fully paid up equity shares of face value of Rs 10 each representing 23.00% of Equity Share Capital in HKR Roadways from the Kotak Special Situations Fund, the Existing Shareholder of HKR Roadways. 

Kotak Special Situations Fund, the Existing Shareholder of HKR Roadways has agreed for sale of their equity shareholding to Gayatri Highways i.e., around 10,67,729 fully paid up equity shares of face value of Rs 10 each aggregating to around Rs 204.52 lakh. The acquisition is expected to be completed within 120 days from the date of acceptance of sale of Equity Shares by the Existing Shareholders of HKR Roadways.

HKR Roadways is engaged in the business regarding four laning road in the state of Telangana under Public Private Partnership (PPP) as 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. 


Gayatri Highways Share Price

2.56 0.12 (4.92%)
17-Apr-2026 16:59 View Price Chart
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