Highway Infrastructure Limited announced several key developments, including a proposal to increase the authorized share capital and a related party transaction involving the acquisition of equity shares in Indore Highway Real Estates Private Limited. The company also detailed a plan to issue warrants convertible into equity shares to promoters and group entities, with a total value of approximately Rs 49.82 crore. Furthermore, the acquisition of Indore Highway Real Estates, which will result in the target company becoming a subsidiary of Highway Infrastructure Limited, is expected to strengthen the company's presence in the infrastructure sector. Detailed information regarding the transaction, including valuations, investor names, and regulatory approvals, has been disclosed in accompanying annexures.
