AJR Infra And Tolling Ltd - Announcement under Regulation 30 (LODR)-Diversification / Disinvestment

In continuation of the Company's disclosure dated 7th June, 2021 and 28th October, 2021, regarding stake sale of upto 35% of the paid-up capital of Vizag Seaport Private Limited ('VSPL'), an unlisted material subsidiary of the Company, pursuant to Regulation 30(7) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Company has completed sale of 2,87,73,117 equity shares of Rs.10/- each (33.00% of the total paid-up capital of VSPL) held by the Company in VSPL to Shripriya Ports Private Limited at a consideration of Rs.26.40 Crores. <BR> <BR> Consequent to the aforesaid sale, the shareholding of the Company in VSPL has been reduced from 73.76% to 40.76% and VSPL has ceased to be a subsidiary of the Company.