Gayatri Highways Limited Updates Sale of Stake in HKR Roadways Limited
Gayatri Highways Limited (GHL) has provided an update regarding the sale of a stake in its associate company, HKR Roadways Limited (HKR), following the execution of a Securities Purchase Agreement dated February 12, 2026.The company confirmed that it is proceeding with the proposed sale of 49% of the total paid up equity share capital held in HKR. The transaction is subject to certain conditions stipulated under the Agreement and is anticipated to be completed on or before September 30, 2026.
GHL previously entered into the agreement for the sale on February 12, 2026. The updated timeline specifies that the final completion of the sale depends on various pre-disbursement conditions and obligations set forth in the Securities Purchase Agreement, which involves Cube Highways and Infrastructure V PIE. Limited (as the Purchaser), Kotak Special Situations Fund (KSSF), and GHL (as the Sellers).
The deal is structured as a non-related party transaction. The Buyer identified for this sale is Cube Highways and Infrastructure V PIE. Limited.
Key details pertaining to the stake disposal, as per updated disclosures, are summarized below:
| Particulars | Details |
|---|---|
| Stake Sold | 49% of total paid up equity share capital in HKR Roadways Limited |
| Agreement Date | February 12, 2026 |
| Expected Completion Date | On or before September 30, 2026 |
| Estimated Consideration (Primary) | INR 200 Crores |
| Estimated Consideration (Contingent) | Rs. 48 Crores (Subject to WPI contingent events) |
| Associate Company Contribution | Net profit contribution of 0.63%, amounting to Rs. 711.65 Lakhs during Financial Year 2024-25 |
| Buyer Details | Cube Highways and Infrastructure V PIE. Limited (Not related party) |
GAYAHWS Stock Price Movement
Today, shares of Gayatri Highways Limited settled at ₹2.22 after closing trading, showing stability with zero change from previous sessions. The stock saw an intraday range between a low of ₹2.19 and a high of ₹2.28, while 219,279 shares were traded 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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.