Sale12 Feb 2026, 08:03 pm
Gayatri Highways to Sell 49% Stake in HKR Roadways to Cube Highways for INR 48 Crores
AI Summary
Gayatri Highways Limited has proposed the sale of 49% of the equity share capital in HKR Roadways Limited to Cube Highways and Infrastructure V PTE. Limited. The transaction includes certain specific indemnities and an escrow amount of INR 48 Crores. The Securities Purchase Agreement is required to be disclosed to the Stock Exchanges as it creates a potential financial liability upon the listed entity.
Key Highlights
- Gayatri Highways to sell 49% stake in HKR Roadways Limited to Cube Highways and Infrastructure V PTE. Limited
- Transaction includes an escrow amount of INR 48 Crores
- Specific indemnities to be provided by Gayatri Highways Limited
- The Securities Purchase Agreement is required to be disclosed to the Stock Exchanges
- Potential financial liability upon the listed entity