Ceigall invests Rs 61.93 cr in Bihar highway subsidiary
CEIGALL · price
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Ceigall India's Management Committee approved creating security for a Rupee Term Loan to its subsidiary Ceigall Sahebganj Bettiah Highway Ltd and infusing Rs 61.93 crores as equity into the Project SPV. Ceigall will hold 74 percent and its wholly-owned subsidiary CIPPL will hold 26 percent. The SPV will execute NHAI's 78.942 km 4-laning of NH 139W in Bihar under Hybrid Annuity Mode, awarded on February 11, 2026.
Capital deployment into a new NHAI highway project via subsidiary; funded by debt plus internal equity. No direct dilution or immediate cash strain on parent.