H.G. Infra Engineering Limited has informed the Exchange about Sale or disposal
HGINFRA · price
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H.G. Infra Engineering has completed the sale of its 100% stake (14,10,500 equity shares) in wholly-owned subsidiary H.G. Khammam Devarapalle PKG-2 Private Limited to Neo Infra Income Opportunities Fund (NIIOF), a Category II AIF, on March 20, 2026. The total consideration for the transaction is ₹213.85 crore, with the first tranche of ₹47.63 crore already received on March 20, 2026, and the second tranche expected next week. The Securities Purchase Agreement was originally executed on December 26, 2025. The divested SPV contributed ₹287.58 crore (5.7%) to consolidated revenue and ₹92.45 crore (1.8%) to consolidated net worth for FY25. The buyer is unrelated to the promoter group and the transaction is not a related-party deal or slump sale.
The deal brings in ₹213.85 crore of cash, strengthening the company's balance sheet and likely supporting working capital or debt reduction. While the subsidiary contributed about 5.7% of consolidated revenue, it was a single project SPV and does not affect the core EPC order book. Short-term stock reaction may be mildly positive due to cash inflow, though the revenue contribution lost is modest.