AJR Infra and Tolling completes sale of stake in Vizag Seaport
17th Nov 2021

AJR Infra And Tolling has completed sale of 2,87,73,117 equity shares of Rs 10 each (33.00% of the total paid-up capital of Vizag Seaport) held by the company in Vizag Seaport to Shripriya Ports at a consideration of Rs 26.40 crore. Consequent to the aforesaid sale, the shareholding of the company in Vizag Seaport has been reduced from 73.76% to 40.76% and Vizag Seaport has ceased to be a subsidiary of the company.

AJR Infra and Tolling (AJRITL) is an infrastructure project development company incorporated by Gammon India Limited, to participate in the development of infrastructure projects on a public private partnership (PPP) basis.