Members of Gayatri Projects Ltd have approved a proposal of the management to invest in overseas joint venture companies and also the acquisition of Gayatri Trident FZC, an overseas joint venture company.
The Hyderabad-based infrastructure company’s 23rd annual general meting held here today has also authorised the investment committee to invest in specific projects in overseas joint companies, subsidiaries and special purpose vehicles.
In a statement to the stock exchanges, Gayatri adopted annual accounts for the year ended March 31, 2012, and approved a dividend of 30 per cent on equity share for the year.