Gayatri Highways Extends HKR Roadways Acquisition Deadline to Sep 30

Gayatri Highways Limited has announced an update regarding its proposed acquisition of 23.00% equity share capital in HKR Roadways Limited from Kotak Special Situations Fund. The completion of this acquisition, initially expected by June 30, 2026, has been extended to September 30, 2026. This extension is due to HKR Roadways Limited needing to comply with certain conditions stipulated in the Securities Purchase Agreement dated February 12, 2026. All other terms of the sale remain unchanged. The target company, HKR Roadways Limited, is involved in the four-laning of the Hyderabad - Karimnagar - Ramagundam Road and reported a total revenue of Rs. 26,402.61 Lakhs in FY 2024-25. The acquisition is considered beneficial for Gayatri Highways' future growth prospects in the infrastructure sector.