Gayatri Highways Limited has informed the Exchange about Disclosure pursuant to Regulation 30 of the Securities Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015 with respect to the acquisition of 23.00% of Equity Share Capital in HKR Roadways Limited from Kotak Special Situations Fund.
GAYAHWS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Gayatri Highways Limited has announced the proposed acquisition of around 10,67,729 equity shares (23% of the equity capital) in HKR Roadways Limited from Kotak Special Situations Fund, at a cash consideration to be finalised at the time of signing the Securities Purchase Agreement. HKR Roadways is engaged in the four-laning of the Hyderabad-Karimnagar-Ramagundam Road under a BOT (Build-Operate-Transfer) public-private partnership model in Telangana, with total revenue of Rs. 26,402.61 Lakhs in FY25 (up from Rs. 24,578.30 Lakhs in FY24 and Rs. 22,539.75 Lakhs in FY23). The deal has received approval from the Roads & Buildings Department, Government of Telangana, and is expected to be completed by 30th June 2026. The transaction is not a related-party transaction and the promoter group has no interest in the target.
This acquisition expands Gayatri Highways' footprint in the road infrastructure BOT space, adding a toll-collecting highway asset in Telangana and potentially boosting future toll revenue. The deal is cash-funded and price is yet to be disclosed, so shareholders should watch for the final consideration and its impact on the company's debt or cash reserves once announced.