H.G. Infra Engineering Limited has successfully completed the sale of its entire 100% equity stake in its wholly-owned subsidiary, H.G. Raipur Visakhapatnam OD-6 Private Limited. The stake, comprising 11,37,750 equity shares, was transferred to the Neo Infra Income Opportunities Fund for a total consideration of Rs. 282.24 crore. This strategic divestment marks the entity’s exit from the subsidiary, which previously contributed 6.5% of the company’s consolidated revenue in the financial year ending March 31, 2025.
Completion of Strategic Divestment
H.G. Infra Engineering Limited has finalized the transfer of its 100% equity stake in H.G. Raipur Visakhapatnam OD-6 Private Limited. The transaction was officially completed on April 23, 2026. Following this divestment, H.G. Raipur Visakhapatnam OD-6 Private Limited is no longer a subsidiary of the company.
Financial and Transaction Details
The total consideration for the sale is valued at Rs. 282.24 crore. As part of the deal structure, the company has already received Rs. 203.00 crore, with the balance to be settled according to the agreed-upon transaction terms. The divested asset reported a revenue of Rs. 329.10 crore and a net worth of Rs. 132.19 crore as of March 31, 2025.
Buyer Information and Deal Nature
The buyer, Neo Infra Income Opportunities Fund, is a Category II Alternative Investment Fund. The company has clarified that this transaction does not constitute a related party deal and the buyer does not belong to the promoter or promoter group companies. Furthermore, the firm has confirmed that the sale does not qualify as a slump sale and is an independent arrangement.
Source: BSE
