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 entire 100% stake (11,37,750 equity shares) in wholly-owned subsidiary H.G. Raipur Visakhapatnam OD-6 Private Limited to Neo Infra Income Opportunities Fund, a Category II Alternative Investment Fund. The total deal value is Rs. 282.24 crore, of which Rs. 203 crore has been received on April 23, 2026, with the balance payable as per the transaction terms. The Securities Purchase Agreement was signed on November 6, 2025, and the transfer was completed on April 23, 2026. The sold subsidiary contributed about 6.5% of consolidated revenue (Rs. 329.10 crore) and 2.6% of consolidated net worth (Rs. 132.19 crore) in FY25. The buyer is unrelated to the promoter group and the transaction is not a related-party deal or slump sale.
The company will receive Rs. 282.24 crore in cash, which can be used to reduce debt or fund new projects. Since the divested entity contributed only ~6.5% of consolidated revenue, the impact on overall earnings is limited, and shareholders may view this as a positive asset-light move unlocking value from a project SPV.