Deals2 Sept 2026, 07:20 pm
Gayatri Highways Completes Sale of 49% Stake in HKR Roadways
AI Summary
Gayatri Highways Limited (GHL) has announced the completion of the sale of its 49% stake in its associate company, HKR Roadways Limited (HKR). The transaction, initially agreed upon via a Securities Purchase Agreement on February 12, 2026, was finalized on September 2, 2026. GHL expects to receive approximately INR 200 Crores from this sale, with an additional estimated INR 48 Crores contingent on Wholesale Price Index-related events. The buyer is Cube Highways and Infrastructure V PTE. Limited, and they are not related to GHL's promoter group.
Key Highlights
- Sale of 49% stake in HKR Roadways Limited completed.
- Transaction value estimated at INR 200 Crores plus contingent amount.
- Buyer is Cube Highways and Infrastructure V PTE. Limited.
- Sale does not involve promoter or group companies.
- HKR Roadways contributed 0.63% to GHL's net profit in FY25.
Price Impact
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