Gayatri Highways Limited — Important, 19-12-2024: General Updates

Gayatri Highways Limited has provided an update regarding the Securities Purchase and Subscription Agreement for the sale of a 49% stake in HKR Roadways Limited. The company confirmed that this sale is expected to be completed on or before April 30, 2025. This timeline is dependent on meeting specific conditions outlined in the agreement. The successful completion of this transaction could enhance Gayatri Highways’ financial position and strategic alignment within the roadways sector. Investors should monitor this development closely as it may indicate future opportunities for growth or adjustments in the company’s operational focus.