Announced Tue, 11 Aug · 17:55 IST
Amends SPA to sell entire stake in HKR Roadways to Cube Highways
GAYAHWS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.5%1-day move
₹1.98
prior close
₹2.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0-1.0-1.0+0.0-0.5-4.0-4.0-3.0-1.5-2.5+1.0-4.0——
Up moveDown movePending
AI summary
Amends Securities Purchase Agreement dated August 11, 2026 for sale of entire stake in HKR Roadways Limited to Cube Highways and Infrastructure V PTE. Limited, with Kotak Special Situations Fund as co-seller. Amendments drop trustee and escrow setup, simplify escrow payments to sellers, remove WPI Multiplier Event clause, and extend Long Stop Date to August 31, 2026. No material adverse impact on management or control. Transaction is not a related party deal.
Likely market impact
Simplifies deal execution with extended deadline to August 31, 2026. Removes escrow mechanism and WPI clause. No management impact.