We wish to inform you that Dilip Buildcon Limited (the 'Company' or 'DBL') has entered in to Agreement(s) dated August 31, 2019 with Cube Highways and Infrastructure III Pte Limited ('Cube') for sale of five under construction Hybrid Annuity Model ('HAM') projects
Pursuant to this, the Company has agreed to sell to Cube its entire shareholding in five projects in phased manner, in accordance with share holding transfer restrictions set out in the Concession Agreement(s) executed between National Highways Authority of India (NHAI) and the project SPVs, and approval of lenders and NHAI.
Further, the trading window for dealing in the securities of the Company by its designated employees, directors and promoters is already closed and shall continue till September 5, 2019.