G R Infraprojects has entered into Share Purchase Agreement (SPA) with Indus Infra Trust for transfer of 100% equity shares being held by the company in its wholly owned subsidiaries namely GR Bilaspur Urga Highway (GBUHPL), GR Ujjain Badnawar Highway (GUBHPL) and GR Ena Kim Expressway (GEKEPL).
The completion of transfer would depend on meeting of contractual obligations as required under the share purchase agreement. Upon completion of the aforesaid transfer GBUHPL, GUBHPL and GEKEPL would cease to be wholly owned subsidiaries 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.
