G R Infraprojects has entered into Share Purchase Agreement on September 13, 2024 with Bharat Highways InvIT (InvIT) for transfer of 100% Equity shares being held by the company in its wholly owned subsidiary namely GR Aligarh Kanpur Highway (GAKHPL).
The completion of transfer would depend on meeting of contractual obligations as required under the share purchase agreement. Upon completion of the aforesaid transfer, GAKHPL would cease to be wholly owned subsidiary of the company. GR Aligarh Kanpur Highway is not a material subsidiary of the company. Consideration received from such sale/ disposal is Rs 98.61 crore.
G R Infraprojects is an integrated road EPC company with experience in design and construction of various road/highway projects across many States in India.
