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Bharat Road Network Ltd - Announcement under Regulation 30 (LODR)-Diversification / Disinvestment
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23 Jun 2020
We draw your attention to our Letter No. BRNL/CS/2019-20/11 dated 5th May, 2019, wherein we had informed you that the Company had entered into a Share Purchase Agreement dated 4th May, 2019 inter alia, with Cube Highways and Infrastructure Pte Ltd (&apos;Cube Highways&apos;), for sale of its holding in Ghaziabad Aligarh Expressway Private Limited&lt;BR&gt; (GAEPL), an &apos;associate&apos; of the Company. It was also stated in that letter that the proposed transaction is subject to applicable regulatory and other approvals and certain conditions, more specifically laid down in the Share Purchase Agreement.&lt;BR&gt; &lt;BR&gt; In this connection, kindly note that the said Share Purchase Agreement has lapsed due to completion of the validity period and it has not been extended any further.&lt;BR&gt; In view of the evolving situation, the Company and Cube Highways have decided not to pursue the transaction any further.&lt;BR&gt; &lt;BR&gt; This is for your information and record.
View all announcements for Bharat Road Network Ltd Source: BSE India