G R Infraprojects (NSE:GRINFRA, BOM:543317) agreed to acquire Bijapur REZ Transmission from PFC Consulting for 114 million Indian rupees, according to a Thursday filing with the Indian exchanges.
The acquisition is tied to the execution of a transmission project in Karnataka, India, including the establishment of a 400/220 kV pooling station and related infrastructure, G R Infraprojects said in the filing.
Following the transaction, Bijapur REZ Transmission becomes a wholly owned subsidiary of G R Infraprojects.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.