G R Infraprojects has entered into Share Purchase Agreement with Indus Infra Trust for transfer of 100% equity shares being held by the Company in its wholly owned subsidiary namely -- GR Bahadurganj Araria Highway (GBAHPL).
The completion of transfer would depend on meeting of contractual obligations as required under the share purchase agreement. Upon completion of the aforesaid transfer, GBAHPL would cease to be wholly owned subsidiary of the Company. GR Bahadurganj Araria Highway is not a material subsidiary of the Company
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.
