Gayatri Highways Limited (NSEI:GAYAHWS) agreed to acquire 12.71% stake in HKR Roadways Ltd for INR 5.9 million on March 22, 2021. The consideration includes acquisition of 5.9 million fully paid up shares by cash payment. The transaction has been approved by the existing shareholders of HKR Roadways Limited. For the year ending March 31, 2020, HKR Roadways reported revenues of INR 1.9 billion. The acquisition is expected to be completed within 60 days from the date of acceptance of sale of equity shares by the existing shareholders of HKR Roadways. Gayatri Highways Limited (NSEI:GAYAHWS) completed the acquisition of 12.71% stake in HKR Roadways Ltd on March 24, 2021.