Gayatri Highways to acquire 23% stake in HKR Roadways from Kotak Fund
Gayatri Highways Limited (GHL) proposes to acquire 23.00% equity in HKR Roadways Limited from Kotak Special Situations Fund. The acquisition involves 10,67,729 shares. The consideration will be decided at consummation. HKR Roadways reported ₹26,402.61 Lakhs revenue in FY25. Completion is expected by June 30, 2026.
The acquisition of a significant minority stake in another infrastructure company is material and will impact the company's portfolio and future growth, but it does not represent a full takeover or a merger, hence the medium impact.
The acquisition is viewed positively as it aligns with the company's infrastructure business and is expected to contribute to future growth prospects. The necessary regulatory approvals have also been obtained.
Gayatri Highways Limited (GHL) has announced its proposal to acquire approximately 10,67,729 equity shares, representing 23.00% of the total equity share capital, in HKR Roadways Limited from Kotak Special Situations Fund. The face value of each equity share is ₹10.
The acquisition is a strategic move for GHL, as HKR Roadways Limited is engaged in the four-laning of the Hyderabad - Karimnagar - Ramagundam Road in Telangana on a Build, Operate and Transfer (BOT) basis, including toll collection.
The consideration for the acquisition will be determined at the time of consummating the proposed Securities Purchase Agreement. The target company, HKR Roadways Limited, reported a total revenue of ₹26,402.61 Lakhs in FY 2024-25. The acquisition is expected to be completed by June 30, 2026.
This acquisition does not fall within related party transactions, and neither the promoter nor its group companies have any interest in the target entity. The Roads & Buildings Department of the Government of Telangana has already granted the necessary approvals for this acquisition. GHL views this investment as highly beneficial for its future growth prospects in the infrastructure sector.
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Gayatri Highways Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Gayatri Highways Limited. Read the original for the full detail.