Date: September 2, 2026
Disinvestment / Strategic Actions
Gayatri Highways Limited has completed the sale of 49% of its total paid-up equity share capital held in associate company HKR Roadways Limited (HKR) on September 2, 2026. The transaction was executed pursuant to a Securities Purchase Agreement dated February 12, 2026. The company received a consideration of ₹5732 crores for this stake sale.
Financial Impact of Divested Entity
During the Financial Year 2024-25, HKR Roadways Limited contributed 0.63% to Gayatri Highways' net profit, amounting to ₹711.65 lakhs.
Buyer Information
The buyer of the stake is Cube Highways and Infrastructure VPTEL Limited. The parties to the agreement are not related to Gayatri Highways' promoter/promoter group/group companies. The transaction does not fall within related party transactions.
Transaction History
The company had previously disclosed:
- Execution of Securities Purchase Agreement on February 12, 2026
- Update on June 23, 2026 indicating the sale would be completed on or before September 30, 2026
The sale was completed ahead of the scheduled timeline on September 2, 2026.