Gayatri Highways Limited updates acquisition timeline for stake in HKR Roadways Limited
Gayatri Highways Limited has provided an update regarding the acquisition of a 23 percent stake in HKR Roadways Limited from Kotak Special Situations Fund. The company announced that the completion of the acquisition, which was previously expected by June 30, 2026, is now projected to be completed on or before September 30, 2026.The acquisition involves Gayatri Highways Limited proposing to acquire around 1,067,729 fully paid up equity shares of face value INR 10 each, representing 23 percent of the Equity Share Capital in HKR Roadways Limited (the "Target Company"). This transaction is taking place with Kotak Special Situations Fund, an existing shareholder of the Target Company.
The revised timeline reflects conditions that must be met under the Securities Purchase Agreement dated February 12, 2026. The conditions involve adherence by HKR Roadways Limited as well as Gayatri Highways Limited and KSSF, and all other terms relating to the sale remain unchanged.
Gayatri Highways Limited confirmed that the acquisition is structured via cash consideration. Details concerning the cost of acquisition are subject to be determined at the time of consummation of the proposed purchase agreement.
Target Company Profile and Acquisition Details
The Target Company, HKR Roadways Limited, operates in the Infrastructure Industry. It was established to manage the four-laning project along the Hyderabad - Karimnagar - Ramagundam Road (SH-1) in Andhra Pradesh. This project is structured under a Public Private Partnership (PPP) as Build, Operate and Transfer (BOT) basis, intended for toll collection and fee management according to the concession agreement with the Governor of Andhra Pradesh and AP Road Development Corporation.The acquisition holds significant interest for Gayatri Highways Limited, given that it is also engaged in the infrastructure sector, making the investment beneficial for future growth prospects. The company confirmed securing necessary approval from the Department, Government obtained. Roads & Buildings of Telangana.
Key operational and financial details regarding HKR Roadways Limited are summarized below:
| Particulars | Details |
|---|---|
| Target Company | HKR Roadways Limited |
| Industry | Infrastructure Industry |
| Business Scope | Four-laning of Hyderabad - Karimnagar - Ramagundam Road (SH-1) in Andhra Pradesh under PPP (BOT) basis. |
| Total Revenue FY 2024-25 | Rs. 26,402.61 Lakhs |
| Total Revenue FY 2023-24 | Rs. 24,578.30 Lakhs |
| Total Revenue FY 2022-23 | Rs. 22,539.75 Lakhs |
| Acquisition Stake | 23% (1,067,729 shares of INR 10 each) |
| Transaction Type | Cash Consideration |
| Project Status | Approved by Department, Government obtained. Roads & Buildings of Telangana. |
GAYAHWS Stock Price Movement
Gayatri Highways Limited settled today at ₹2.22, closing flat after registering zero percentage change in trading activity. The stock stayed within an intraday range of ₹2.19 to ₹2.28, as 219,279 shares were transacted during the session.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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