Gayatri Highways Limited to acquire 51% stake in Balaji Highways Holding Private Limited

Gayatri Highways Limited (the "Company") has proposed to acquire 51.00% of Equity Share Capital in Balaji Highways Holding Private Limited (the "Target Company") from the Existing Shareholder of the Target Company.

The Existing Shareholder of Balaji Highways Holding Private Limited has agreed for sale of their 51.00% equity shareholding to Gayatri Highways Limited [51,000 fully paid up equity shares of face value of INR 10 each aggregating to INR 5,10,000].

The Target Company is engaged in the business of undertaking infrastructure Projects.

Balaji Highways Holding Private Limited was incorporated with the business of undertaking infrastructure projects such as State and National Highways, Flyover, Elevated Roads, Toll Roads, Expressways, Road Over Roads (ROR), Road Over Bridges and such projects which are associated with infrastructural facilities, on Build, Own, Operate (BOD), Build, Own, Transfer (BOT), Build, Own, Operate & Transfer (BOOT), Build, Operate, Lease & Transfer (BOLT), Build, Own, Operate, Share & Transfer (BOOST).

Shares of Gayatri Highways Ltd was last trading in BSE at Rs.0.67 as compared to the previous close of Rs. 0.64. The total number of shares traded during the day was 16845 in over 3 trades.

The stock hit an intraday high of Rs. 0.67 and intraday low of 0.67. The net turnover during the day was Rs. 11286.

Source : Equity Bulls

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