Sale23 Jun 2026, 04:09 pm
Gayatri Highways Updates HKR Roadways Stake Sale Completion by Sep 30
AI Summary
Gayatri Highways Limited (GHL) has provided an update on the sale of its 49% stake in associate company HKR Roadways Limited. The Securities Purchase Agreement was executed on February 12, 2026. The sale is now expected to be completed on or before September 30, 2026, subject to the fulfillment of certain conditions outlined in the agreement. GHL estimates to receive approximately ₹200 Crores from the sale, with an additional potential ₹48 Crores contingent on Wholesale Price Index movements. The buyer is Cube Highways and Infrastructure V PIE. Limited, and they are not related to GHL's promoter group.
Key Highlights
- Gayatri Highways to sell 49% stake in HKR Roadways Limited.
- Sale completion expected by September 30, 2026.
- Estimated proceeds of ₹200 Crores, plus potential ₹48 Crores.
- Buyer is Cube Highways and Infrastructure V PIE. Limited.
- Transaction does not involve related parties.
Price Impact
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