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

Gayatri Highways Limited (GHL) is progressing with its acquisition of a 23% stake in HKR Roadways Limited from Kotak Special Situations Fund, equivalent to approximately 10.67 lakh fully paid equity shares. The company previously indicated that the transaction would be completed within 120 days from the acceptance of the sale. However, GHL has now updated that the acquisition is expected to finalize on or before April 30, 2025, due to the need to comply with specific conditions outlined in the Securities Purchase and Subscription Agreement dated September 6, 2024. All terms of the sale remain unchanged. This strategic acquisition may enhance GHL's position within its sector, presenting potential future growth opportunities. Investors should monitor this development closely as it could impact the company's operational and financial outlook.