21 February 2024
G R Infraprojects Limited ("Company") has entered into Share Purchase Agreement ("SPA") and other relevant transaction documents for sale of Company's entire investment in equity share of seven wholly owned subsidiary companies namely GR Phagwara Expressway Limited, Porbandar Dwarka Expressway Private Limited, Varanasi Sangam Expressway Private Limited, GR Akkalkot Solapur Highway Private Limited, GR Sangli Solapur Highway Private Limited, GR Gundugolanu Devarapalli Highway Private Limited and GR Dwarka Devariya Highway Private Limited ("wholly owned subsidiaries") to Bharat Highways InvIT, subject to such terms and conditions (including fulfillment of conditions precedent) as embodied in the SPA and other relevant transaction documents.
Upon the sale, G R Infraprojects Limited ("GRIL" or "Seller") shall receive units of Bharat Highways InvIT. The Units will be issued at such price as may be determined, through the book building process under the SEBI InvIT Regulations and InvIT Guidelines.
Shares of G R Infraprojects Ltd was last trading in BSE at Rs. 1183.35 as compared to the previous close of Rs. 1194.00. The total number of shares traded during the day was 1650 in over 307 trades.
G R Infraprojects Limited ("Company") has entered into Share Purchase Agreement ("SPA") and other relevant transaction documents for sale of Company's entire investment in equity share of seven wholly owned subsidiary companies namely GR Phagwara Expressway Limited, Porbandar Dwarka Expressway Private Limited, Varanasi Sangam Expressway Private Limited, GR Akkalkot Solapur Highway Private Limited, GR Sangli Solapur Highway Private Limited, GR Gundugolanu Devarapalli Highway Private Limited and GR Dwarka Devariya Highway Private Limited ("wholly owned subsidiaries") to Bharat Highways InvIT, subject to such terms and conditions (including fulfillment of conditions precedent) as embodied in the SPA and other relevant transaction documents.
Upon the sale, G R Infraprojects Limited ("GRIL" or "Seller") shall receive units of Bharat Highways InvIT. The Units will be issued at such price as may be determined, through the book building process under the SEBI InvIT Regulations and InvIT Guidelines.
Shares of G R Infraprojects Ltd was last trading in BSE at Rs. 1183.35 as compared to the previous close of Rs. 1194.00. The total number of shares traded during the day was 1650 in over 307 trades.
Stay Connected, Stay Informed –
Don’t miss out on exclusive updates, market trends, and real-time investment opportunities. Be the first to know about the latest unlisted stocks, IPO announcements, and curated Fact Sheets, delivered straight to your WhatsApp.