BRNL acquires remaining 51 per cent stake in GIPL

Reportedly, Bharat Road Network Limited (BRNL) has acquired the remaining 51 per cent stake in Guruvayoor Infrastructure Private Limited (GIPL), a concession company that operates and maintains the 259.76 km Thrissur-Angamali section of National Highway-47 in Kerala. BRNL, which already holds 49 per cent stake in GIPL, acquired the remaining stake from KMC Infratech Road Holdings Limited for a sum of Rs 0.97 billion. As a result of this buyout, GIPL has become a 100 per cent subsidiary of BRNL.