H.G. Infra Engineering Limited has announced the acquisition of equity shares in its wholly-owned subsidiary, H.G. Gujarat Bess Private Limited. The investment, amounting to ₹33.80 crore, was made via a rights issue and is intended to facilitate business expansion in the battery energy storage system sector. The transaction was completed on August 06, 2026.
Subsidiary Investment for Expansion
H.G. Infra Engineering Limited has successfully acquired additional equity shares in its wholly-owned subsidiary, H.G. Gujarat Bess Private Limited. This strategic investment, made through a rights issue, totals ₹33.80 crore. The purpose of this infusion of capital is to support the expansion of the subsidiary’s business operations, particularly in the nascent field of battery energy storage systems.
Transaction Details
The acquisition was completed on August 06, 2026. H.G. Gujarat Bess Private Limited was incorporated on February 05, 2025, and its primary business objective is to engage in the battery energy storage system sector. As of March 31, 2026, the subsidiary had a reported turnover of Nil. The company acquired 1,30,000 equity shares at an issue price of ₹2600/- per share, which includes a face value of ₹10/- per share.
Related Party Transaction
The transaction is classified as a related party transaction, as H.G. Gujarat Bess Private Limited is a wholly-owned subsidiary of H.G. Infra Engineering Limited. The company stated that the investment was made for the expansion of its business and is being conducted at an arm’s length basis, with no additional interest from promoters or promoter group companies beyond their existing shareholding.
Source: BSE
