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Alembic Ltd's petition for approval of Scheme of Arrangement in the nature of demerger and transfer of its pharmaceutical undertaking as a going concern to Alembic Pharma Ltd, and consequential re-organisation of its share capital has been sanctioned by the High Court of Gujarat.
GVK Power and Infrastructure Ltd has said that GVK Bagodara Vasad Expressway Private Ltd, a step down subsidiary, has signed a concession agreement with Gujarat State Road Development Corporation for six-laning of existing three lanes of Bagodara-Wataman-Tarapur-Vasad Road Project (state highway No 8, Km 0/0 to Km 101/9) in Gujarat on BOT basis.
The concession agreement is for 27 years including construction period of 30 months.
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