Outcome of board meeting of G R Infraprojects

6 Dec 2022 , 01:34 AM

The Board of G R Infraprojects at its meeting held on 30 November 2022 has approved the proposal for divestment of 100Percentage equity stakeinvestment held in its wholly owned subsidiary company viz GR Highways Investment Manager GHIMPL As on date G R Infraprojects together with its nominee is holding 15000000 equity shares constituting 100Percentage issued subscribed and paid-up capital of the GHIMPL GHIMPL is not a material subsidiary of the Company The Board has considered and approved to discontinue to act as the sponsor and the project manager of the Bharat Highways InvIT The Board also noted resignation of Ramesh Chandra Jain DIN 09069250 from the designation of Whole Time Director