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G R Infraprojects transfers subsidiary to Bharat Highways InvIT

18 Sep 2024 Evaluate

G R Infraprojects has successfully transferred wholly owned subsidiary namely GR Aligarh Kanpur Highway (GAKHPL) to Bharat Highways InvIT on September 17, 2024, after receipt of consideration from Bharat Highways InvIT. Hence, with effect from the aforesaid date, GAKHPL would cease to be wholly owned subsidiary of the Company.

Earlier, the company had 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.

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.


Peers
Company Name CMP
Larsen & Toubro 3901.50
Kalpataru Projects 1399.95
NCC 134.35
Rail Vikas Nigam 210.90
KEC International 396.45
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