BR Goyal Infrastructure has received approval for acquisition of 10% stake in Virtuoso Infra Meditech LLP (the LLP) amounting to Rs 1.50 lakh, by way of capital contribution. The company has proposed to invest in the LLP with the objective of participating in its real estate and infrastructure business activities. Further, the said LLP is already engaged in the business of Real Estate and Infrastructure activities. The investment is intended to generate returns on the company's surplus funds and is in furtherance of the company's overall business strategy.
The investment is expected to yield returns commensurate with the company's investment policy. The total capital commitment does not adversely impact the financial position or operations of the company. The acquisition is to be completed on or before September 30, 2026 or such other extended period as the case may be.
The Board of Directors of the Company in their meeting held on May 30, 2026 has approved the same.
BR Goyal Infrastructure is engaged in the construction and development of infrastructure projects such as roads, highways, bridges and buildings since inception.
