Gayatri Highways completes 23 percent stake buy in HKR Roadways
GAYAHWS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Gayatri Highways has completed acquiring a 23 percent stake (about 10.67 lakh shares of INR 10 face value) in HKR Roadways Limited from Kotak Special Situations Fund on 27 August 2026. HKR Roadways runs a four-laning BOT toll road on the Hyderabad-Karimnagar-Ramagundam highway in Andhra Pradesh. Target revenue: INR 264 crore in FY25, INR 246 crore in FY24, INR 225 crore in FY23. All-cash deal, not a related party transaction. GHL sees it as growth-supportive within infrastructure.
Adds a revenue-generating toll road asset to GHL's portfolio; supports infrastructure growth strategy. Minor 23 percent stake limits direct earnings impact.