Bharat Road Network Ltd - Announcement under Regulation 30 (LODR)-Diversification / Disinvestment
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| 21 Jan 2021 | |
| Pursuant to Regulation 30 of the SEBI (Listing Regulation and Disclosure Requirement) Regulations, 2015, please be informed that Company has executed a Securities Purchase Agreement dated 20.01.2021 and related transaction documents, with inter alia Indian Highway Concessions Trust (the purchaser) acting through its investment manager, for sale of the entirety of the Company's shareholding in Shree Jagannath Expressways Private Limited ('SJEPL'). SJEPL is an 'Associate' of the Company. <BR> <BR> The proposed sale of shares of SJEPL to Indian Highway Concessions Trust is subject to applicable regulatory and other approvals and certain conditions, more specifically laid down in the Securities Purchase Agreement.<BR> <BR> Details of the proposed transaction as required under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, read with Circular No. CIR/CFD/CMD/4/2015 dated 9th September, 2015 forms part of this letter. | |
| View all announcements for Bharat Road Network Ltd | Source: BSE India |
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