Bharat Road Network Ltd - Announcement under Regulation 30 (LODR)-Diversification / Disinvestment
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| 29 Jun 2022 | |
| Please refer to our Letter no. BRNL/CS/2020-21/37 dated 21/01/2021 regarding approval of the Board of Directors for execution of a Securities Purchase Agreement dated 20.01.2021 and related transaction documents with Indian Highway Concessions Trust (the purchaser) acting through its investment manager for divestment of the Company's entire stake of 40% held in Shree Jagannath Expressways Private Limited (SJEPL), an 'Associate' of the Company. In this regard, pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we are pleased to inform you that the Company has successfully consummated the transaction contemplated under Securities Purchase Agreement dated 21/01/2021 on 28/06/2022. The disclosure pursuant to Para A of Schedule III of Regulation 30 of the SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015 read together with SEBI Circular dated 09.09.2015 forms part of this announcement. | |
| View all announcements for Bharat Road Network Ltd | Source: BSE India |
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