Gayatri Projects News

Zeal Global acquires 5.06% stake in Gayatri Projects

Zeal Global Opportunities Fund acquired 1,50,00,000 equity shares, representing a 5.06% stake, via preferential allotment on April 23, 2026.

Gayatri Projects board reconstituted post insolvency exit

Gayatri Projects reconstituted its board following NCLT approval to withdraw insolvency proceedings. Two directors resigned while new appointments were made.

NCLT Approves ₹2,400 Crore Settlement Plan for Gayatri Projects

The National Company Law Tribunal's Hyderabad bench approved a ₹2,400 crore one-time settlement plan by Gayatri Projects' promoters to resolve ₹8,100 crore dues to lenders led by Canara Bank. The promoters, including T Subbarami Reddy and his family, will pay ₹750 crore in fund-based exposure and cover bank guarantee invocations. With 97% of lenders voting in favor, the promoters have 90 days to complete payments. The settlement includes ₹750 crore from promoters, ₹450 crore from arbitration claims, and ₹45 crore for bank guarantee commissions. Promoters have already deposited ₹115 crore, with remaining payments through asset monetization and investor funds. Seven of 13 collateral properties will be released for sale. This represents a 30% recovery for lenders after a three-year resolution process that began in November 2022, following failed attempts to find a buyer.