Dhruv Consultancy Services Acquires 55% Stake in Subsidiary for Highway Amenities Project
Dhruv Consultancy Services Limited has successfully acquired a 55% stake in VERUL DRIVEHUB PRIVATE LIMITED, making the newly incorporated entity a subsidiary of the consultancy firm. This strategic acquisition positions Dhruv to undertake major development and operation mandates within the infrastructure sector.The move involves subscribing to the Memorandum of Association and share capital of VERUL DRIVEHUB PRIVATE LIMITED. The transaction has been structured as an arm's length investment and directly facilitates the execution of a large-scale wayside amenities project on National Highways in Maharashtra.
VERUL DRIVEHUB PRIVATE LIMITED was incorporated specifically to handle the Development, Operation, and Maintenance (O&M) of roadside facilities. These facilities include travel plazas, fuel stations, EV charging stations, food courts, retail outlets, and parking infrastructure along various sections of National Highways.
The subsidiary project involves a contract for the site NH-52/O&M/KarodiTelwadi/Verul/Ch.342.600 /LHS/PIU Sambhaji Nagar. This project is based on a Built, Operate and Transport (BOT) model for a lease period of 15 years and includes an 8 months Rent-free Development period. The project was secured via a Letter of Award received from National Highway Logistics Management Limited (NHLML).
Key details concerning the acquisition and the target entity are summarized below:
| Aspect | Detail |
|---|---|
| Target Entity | VERUL DRIVEHUB PRIVATE LIMITED |
| Incorporation Date | June 18, 2026 |
| Industry Focus | Infrastructure Development and Operation of Wayside Amenities on National Highways |
| Acquisition Percentage | 55% of paid-up share capital |
| Nature of Consideration | Cash |
| Cost of Acquisition | Rs.55,000/- |
The subsidiary's mandate aligns with Dhruv Consultancy Services Limited's strategy for expansion and diversification into the infrastructure sector. Following the acquisition, VERUL DRIVEHUB PRIVATE LIMITED is set to execute this Wayside Amenities Project under the Letter of Award from NHLML.
DHRUV Stock Price Movement
Today, shares of Dhruv Consultancy Services Limited edged higher to close at ₹28.6, recording a 4.30% gain after the stock settled in post-market trading. The equity traded within a tight intraday band, hitting a low of ₹28.5 and peaking at ₹28.79 amid 15,223 shares traded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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