Announced Wed, 17 Jun · 11:57 IST
Ceigall India sells highway SPV CMASH for Rs 182.20 crores
Strategic Transactions View source PDF
CEIGALL · price
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Price reaction · full curve 14 horizons · vs prior close
+2.0%1-day move
₹372.50
prior close
₹370.95
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1+0.5+1.3+0.8+2.0+1.2+0.4+0.1+2.1+6.5-0.8-8.3——
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AI summary
Ceigall India has sold 100% of its step-down subsidiary Ceigall Malout Abohar Sadhuwali Highways (CMASH) to Neo Infra Income Opportunities Fund for Rs 182.20 crores including cash surplus. The deal completed on June 16, 2026 via a Share Purchase Agreement and an Amendment Agreement signed the same day. CMASH contributed 2.10% to consolidated turnover (Rs 82.69 crores) and 6.30% to consolidated net worth (Rs 136.12 crores) in FY26. The buyer is not a related party.
Likely market impact
Minor asset sale at about 2% of revenue. Rs 182 cr inflow may boost cash position. CMASH ceases to be a subsidiary from June 16, 2026.