G R Infraprojects Limited has entered into a definitive Share Purchase Agreement (SPA) to transfer its entire 100% equity stake in its wholly owned subsidiary, GR Bahadurganj Araria Highway Private Limited, to Indus Infra Trust.
The agreement was signed on December 29, 2025, in continuation of the company’s earlier disclosure made on September 26, 2025. The aggregate consideration for the proposed sale and transfer of the entire equity share capital of the subsidiary has been fixed at ₹59,86,55,430 (around ₹59.87 crore).
G R Infraprojects clarified that the transaction has not been completed yet. The actual transfer of shares will take place only after all contractual obligations and conditions precedent under the share purchase agreement are fulfilled. The company expects the transaction to be completed on or before March 31, 2026. Upon completion, GR Bahadurganj Araria Highway Private Limited will cease to be a wholly owned subsidiary of G R Infraprojects.
The company also disclosed that GR Bahadurganj Araria Highway Private Limited is not a material subsidiary. During the financial year ended March 31, 2025, the subsidiary contributed ₹23,848.15 lakh, or 3.14%, to the consolidated income of the group, while its contribution to consolidated net worth stood at ₹3,840.69 lakh, representing 0.45%.
While Indus Infra Trust is classified as a related party, G R Infraprojects stated that the proposed transaction will be executed on an arm’s length basis and is not part of any scheme of arrangement or slump sale.
