Announced Wed, 17 Jun · 11:59 IST
Ceigall India sells step-down highway SPV to Neo Infra for Rs 182 cr
CEIGALL · price
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Price reaction · full curve 14 horizons · vs prior close
+2.0%1-day move
₹372.50
prior close
₹370.90
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.0+1.4+1.1+0.5+2.0+1.2+0.4+0.1+2.1+6.5-0.8-8.3——
Up moveDown movePending
AI summary
Ceigall India has sold 100% of its step-down subsidiary Ceigall Malout Abohar Sadhuwali Highways (CMASH), a highway project SPV, to Neo Infra Income Opportunities Fund for Rs 182.20 crores including cash surplus. CMASH contributed 2.10% (Rs 826.89 mn) of consolidated turnover and 6.30% (Rs 1,361.14 mn) of consolidated net worth for FY26. The sale completed on June 16, 2026. Buyer is not a related party.
Likely market impact
Small revenue contribution (2.1%) but deal adds Rs 182 cr cash, boosting balance sheet flexibility and supporting further project bidding.