
Acquisitions29 Oct 2026, 05:10 pm
Gayatri Highways Acquires More Shares in Subsidiaries
AI Summary
Gayatri Highways Limited has acquired additional equity shares in its subsidiary/associate companies: Gayatri Jhansi Roadways Limited (GJRL), Gayatri Lalitpur Roadways Limited (GLRL), and Cyberabad Expressways Limited (CEL). These companies are involved in road construction under the Build, Operate and Transfer (BOT) model. The acquisition is expected to create synergies and strengthen the company's operations. GJRL and GLRL have now become wholly-owned subsidiaries. The acquisitions were completed on October 28, 2026, for a cash consideration of ₹1 per acquisition. GJRL had a revenue of ₹2558.28 Lakhs in FY 2025-26, GLRL had ₹2183.26 Lakhs, and CEL had ₹48.23 Lakhs.
Key Highlights
- Gayatri Highways increased shareholding in GJRL, GLRL, and CEL.
- GJRL and GLRL are now wholly-owned subsidiaries.
- Acquisitions aim to create synergies and strengthen operations.
- Transactions were completed for cash at ₹1 per acquisition.
- Target companies operate in road construction under BOT model.
Price Impact
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