Gayatri Highways Completes 49% Stake Sale in HKR Roadways for ₹200 Crore
Gayatri Highways Limited has completed the sale of its 49% stake in HKR Roadways Limited for approximately ₹200 Crores. An additional ₹48 Crores may be received based on WPI. The stake sale contributed ₹711.65 Lakhs to the company's FY25 net profit. The buyer is Cube Highways and Infrastructure V PTE. Limited.
The sale of a significant stake in an associate company and the associated financial inflow will have a notable impact on GHL's balance sheet and strategic direction.
The completion of the stake sale and the receipt of substantial funds positively impact the company's financial position.
Gayatri Highways Limited (GHL) has announced the completion of the sale of its 49% stake in its associate company, HKR Roadways Limited (HKR), as per the Securities Purchase Agreement dated February 12, 2026.
The company had previously disclosed the execution of this agreement on February 12, 2026, and provided an update on June 23, 2026, stating that the sale was expected to be completed by September 30, 2026, subject to certain conditions. GHL has now confirmed that the transaction was successfully completed on September 2, 2026.
Upon completion of this sale, GHL estimates to receive approximately ₹200 Crores. Additionally, an estimated amount of ₹48 Crores may be received, contingent upon Wholesale Price Index (WPI) related events. The sale of this stake in HKR Roadways Limited contributed 0.63% to GHL's net profit, amounting to ₹711.65 Lakhs during the Financial Year 2024-25. The buyer, Cube Highways and Infrastructure V PTE. Limited, is not a promoter, promoter group, or group company of GHL, and the transaction does not constitute a related party transaction. GHL has submitted the necessary disclosures as required by SEBI regulations.
A plain-language summary of a public exchange filing by Gayatri Highways Limited. Read the original for the full detail.