StockWatch
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Civil Construction
Acquisitions19 Oct 2026, 06:30 pm

Jayant Infratech EGM to Approve ₹125.67 Cr Slump Sale Acquisition

AI Summary

Jayant Infratech Limited has announced an Extra-Ordinary General Meeting (EGM) scheduled for November 10, 2026, to consider and approve the acquisition of the entire business undertaking of M/s. Jayant Infraprojects (JIP) on a slump sale basis. The proposed acquisition is a material related party transaction, with an aggregate consideration of ₹12,56,67,000 (₹125.67 Crore). The EGM will allow members to vote electronically. The notice for the EGM is available on the company's website and stock exchange portals.

Key Highlights

  • EGM scheduled for November 10, 2026, to approve a significant acquisition.
  • Acquisition of Jayant Infraprojects' business undertaking via slump sale.
  • Transaction value set at ₹12,56,67,000 (₹125.67 Crore).
  • Classified as a material related party transaction.
  • Members can exercise voting rights through remote e-voting and during the EGM.