Highway Infrastructure544477Stake acquisition deal
Highway Infrastructure to acquire 51% of Indore Highway Real Estates for Rs. 38,98,695 in cash
By ScoutQuest · · 1 min read
51%Shareholding/control acquired
- Stake Acquired
- 51.00% controlling interest in Indore Highway Real Estates Private Limited
- Shares Acquired
- 25,500 equity shares of Rs. 10/- each
- Consideration
- Rs. 152.89/- per equity share, aggregating Rs. 38,98,695/-, payable in cash
- Target
- Indore Highway Real Estates Private Limited
- Transaction
- Acquisition (of majority stake; target to become a subsidiary)
Highway Infrastructure to acquire 51% of Indore Highway Real Estates for Rs. 38,98,695 in cash.
Date of incorporation of target
Prior intimation letter in continuation of
Board meeting outcome intimated
Relevant Date (preferential issue)
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21 Oct 2026
Company enters into IR mandate with Finportal Investments as Investor Relation Agency
16 Oct 2026
More numbers
- Cost of acquisitionRs. 38,98,695/-
- Acquisition price per equity shareRs. 152.89/-
- Equity shares acquired25,500
- Shareholding/control acquired51%
- Target paid-up equity share capitalRs. 5,00,000/-
- Warrants issue to promoter group (aggregate)Rs. 49,82,00,000/-
- ConsiderationRs. 38,98,695/-
Source: BSE · 14 Oct 2026
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