H.G. Infra Engineering Limited has finalized the divestiture of its entire 100% equity stake in its wholly-owned subsidiary, H.G. Khammam Devarapalle PKG-2 Private Limited. The transaction, confirmed on March 20, 2026, involved the transfer of 14,10,500 equity shares to Neo Infra Income Opportunities Fund. The total consideration for the sale was ₹213.85 crore, with the first tranche of ₹47.63 crore received upon closing.
Finalization of Divestiture of Subsidiary
H.G. Infra Engineering Limited formally announced the successful completion of the sale of 100% equity shares held in its subsidiary, H.G. Khammam Devarapalle PKG-2 Private Limited. The transfer of the entire equity stake, amounting to 14,10,500 Equity Shares, was executed on March 20, 2026.
Transaction Details and Financial Impact
The sale was finalized for a total consideration of ₹213.85 crore. The company received the initial payment amounting to ₹47.63 Cr on March 20, 2026, with the second tranche anticipated in the subsequent week. For context regarding the last financial year ended March 31, 2025, the subsidiary contributed 5.7% to the consolidated revenue (reported revenue of ₹287.58 Crore) and accounted for 1.8% of the consolidated Net Worth (valued at ₹92.45 Crore).
Details of the Acquirer
The shares were acquired by Neo Infra Income Opportunities Fund (“NIIOF”). NIIOF is a registered scheme under the Neo Credit Alternatives Investment Trust, structured as a Category II Alternative Investment Fund. The fund is managed by its investment manager, Neo Alternative Asset Managers Private Limited.
Compliance Confirmation
The initial agreement for the sale was established via a Securities Purchase Agreement executed on December 26, 2025. Furthermore, management confirmed that this transaction would not fall under related party transactions and does not constitute a slump sale.
Source: BSE
