Acquisitions25 Mar 2026, 09:01 pm
G R Infraprojects Ltd Transfers Three Wholly Owned Subsidiaries to Indus Infra Trust
AI Summary
G R Infraprojects Ltd has successfully transferred three wholly owned subsidiaries, GR Bilaspur Urga Highway Private Limited, GR Ujjain Badnawar Highway Private Limited, and GR Ena Kim Expressway Private Limited, to Indus Infra Trust. The transfer took place on 25th March 2026. GR Ena Kim Expressway Private Limited was a material subsidiary, and approval of the shareholders was sought by postal ballot. The contribution of these subsidiaries to the consolidated income and net worth of G R Infraprojects Ltd for the financial year ending 31st March 2025 is provided in the document.
Key Highlights
- Transfer of three wholly owned subsidiaries to Indus Infra Trust
- GR Ena Kim Expressway Private Limited was a material subsidiary
- Approval of shareholders sought by postal ballot
- Contribution of subsidiaries to consolidated income and net worth disclosed
- Transaction done at 'arms’ length' with a related party