HOME > MARKETS > COMPANY NEWS
  COMPANY NEWS
COMPANY
AJR Infra gets nod to acquire 100% stake in Rajahmundry Expressway
Nov-07-2026

AJR Infra and Tolling has received approval for the acquisition of 100% equity stake in Rajahmundry Expressway (REPL), resulting REPL to become a wholly-owned subsidiary of the company.  The board of directors of the company at its meeting held on November 06, 2026, have inter-alia approved the same. The acquisition is aimed taking control over the tax litigation of the acquired entity in an effective manner. The cost of said acquisition is Rs 4.17 crore. The said acquisition is to be completed within 2 months from the date of execution of Share Purchase Agreement.

AJR Infra and Tolling, formerly known as Gammon Infrastructure Projects, is an infrastructure firm mainly involved in projects developed under the Government's Public Private Participation ('PPP') model. It executes projects through methods such as Build, Operate, and Transfer (BOT) and Build, Own, Operate, and Transfer (BOOT).

  RELATED NEWS >>