H.G. Infra Engineering Limited has informed the Exchange about Acquisition
HGINFRA · price
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H.G. Infra Engineering Limited has invested Rs. 45.78 crore in its wholly owned subsidiary, H.G. Bahuvan Jagarnathpur Highway Private Limited, by subscribing to a Rights issue. The company acquired 5,23,200 equity shares at Rs. 875 per share (face value Rs. 10). The subsidiary, incorporated in January 2025 in Rajasthan, is engaged in construction and maintenance of roads. The acquisition was made entirely in cash and was completed on January 3, 2026. The company stated the investment is aimed at expanding its road construction business. Since the subsidiary is wholly owned, this qualifies as a related party transaction.
This is a capital infusion into an existing wholly owned subsidiary for business expansion, so there is no change in the company's ownership structure or consolidation. Shareholders are unlikely to see any material impact on share price, though it signals continued investment in the company's core road construction business through its subsidiary structure.