Published On: Thu, Apr 29th, 2021

Gayatri Highways to sell stake in HKR Roadways to Kotak Special Situations

Tagged with: | | | | |

has entered into an agreement to sell a stake of up to 36.99% in to Kotak Special Situations Fund for INR1.71 billion ($23 million).

HKR Roadways is a special purpose vehicle (SPV) incorporated for designing, construction, development, finance, operating, and maintaining of four laning of – Karimnagar – Ramagundam Road (SH-1) from km 28.200 to km 235.058 in under public private partnership on DBFOT (Toll) basis.

The 207km long project, which was laid with an investment of INR22 billion, became operational in 2014. It has a concession period of 25 years.

Based in Hyderabad, Gayatri Highways Limited is a provider of infrastructure construction services.

Gayatri Highways to sell stake in HKR Roadways to Kotak Special Situations Fund

Gayatri Highways to sell stake in HKR Roadways to Kotak Special Situations Fund. Photo courtesy of Niek Verlaan from Pixabay.

Related posts

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>