Gayatri Highways extends timeline for 23% HKR Roadways acquisition

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GAYAHWS · price

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Price reaction · full curve 14 horizons · vs prior close

-1.8%1-day move

₹2.22

prior close

₹2.25

base price

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AI summary

Gayatri Highways has extended the timeline for acquiring 23% equity (10,67,729 shares of Rs 10 face value) in HKR Roadways Limited from Kotak Special Situations Fund. Completion now expected by 30 September 2026 instead of 30 June 2026, due to pending conditions in the Securities Purchase Agreement. HKR operates a BOT toll road on Hyderabad-Karimnagar-Ramagundam SH-1 in Andhra Pradesh, with FY25 revenue of Rs 26,402.61 Lakhs, up from Rs 22,539.75 Lakhs in FY23. Cash deal, not a related party transaction. All other terms remain unchanged.

Likely market impact

Timeline extension only, terms unchanged. Positive strategic fit in infrastructure but delays near-term completion by one quarter.