Gayatri Highways Limited
Incorporated in 2006, Gayatri Highways Ltd is in the business of construction and investment
What Gayatri files
- Others49
- Important24
- Board Meeting8
- Updates7
- Results2
- JV/Acquisition1
GHL completed the divestment of its 49% stake in HKR Roadways for Rs. 57.32 Cr. This associate contributed Rs. 7.12 Cr (0.63% of net profit) to GHL's FY25 results. A strategic sale to Cube Highways.
GHL completed the sale of its 49% stake in HKR Roadways, a business that contributed 7.12 Cr to last year's net profit. The company expects to receive ~200 Cr from the sale, with potential for another 48 Cr contingent on WPI.
Gayatri Highways amended its HKR Roadways stake sale agreement. The update streamlines transaction closure by simplifying payment mechanisms and extending the completion deadline. This change has no impact on GHL's management or control, though contingent liabilities for indemnities remain.
Gayatri Highways (GHL) announced progress on selling its 49% stake in associate HKR Roadways. The sale, pending conditions, is expected to fetch ~INR 200 Cr, with potential ~INR 48 Cr more. HKR contributed 0.63% (~INR 7.12 Cr) to GHL's last fiscal net profit.
Gayatri Highways has updated its 23% acquisition of HKR Roadways. Completion is now targeted by September 30, 2026, extended for HKR's compliance. HKR, an infrastructure firm, posted ₹264.03 Cr revenue in FY25, bolstering GHL's sector play.