StockWatch
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Civil Construction
Sale2 Sept 2026, 08:30 pm

Gayatri Highways Completes Sale of 49% Stake in HKR Roadways

AI Summary

Gayatri Highways Limited (GHL) has announced the completion of its sale of a 49% equity stake in its associate company, HKR Roadways Limited (HKR). The transaction, initially agreed upon via a Securities Purchase Agreement dated February 12, 2026, was finalized on September 2, 2026. The sale is expected to contribute 0.63% to GHL's net profit, amounting to Rs. 711.65 Lakhs for the Financial Year 2024-25. The consideration received for the sale of the 49% stake was Rs. 57.32 Crores. The buyer, Cube Highways and Infrastructure PTE. Limited, is not related to GHL's promoter group or group companies, and the transaction is not considered a related party transaction.

Key Highlights

  • Gayatri Highways sold 49% stake in HKR Roadways.
  • Sale consideration received is Rs. 57.32 Crores.
  • Transaction completed on September 2, 2026.
  • Associate company's profit contribution was 0.63% (Rs. 711.65 Lakhs).
  • Buyer is Cube Highways and Infrastructure PTE. Limited.