Gayatri Highways to acquire 13% stake in HKR Roadways

The Existing Shareholder of HKR Roadways has agreed for sale of their equity shareholding to Gayatri Highways 6,03,498 fully paid equity shares of the face value of Rs10 each aggregating to Rs60.35 lakh.

May 24, 2021 01:05 IST India Infoline News Service

Gayatri Projects
Gayatri Highways Limited has proposed to acquire 13% of Equity Share Capital in HKR Roadways Limited. The Existing Shareholder of HKR Roadways has agreed for sale of their equity shareholding to Gayatri Highways 6,03,498 fully paid equity shares of the face value of Rs10 each aggregating to Rs60.35 lakh.

The target company is engaged in the business regarding four lanning of the roads in the state of Telangana under Public Private Partnership (PPP) as Build, Operate and Transfer (BOT) basis and to collect toll, charges and fees from the users of the said project.

At around 1. 53 pm, Gayatri Highways Limited was trading flat at Rs0.73 per piece on the BSE.

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