H.G. Infra Engineering Limited (HGINFRA) — Announcement

· NSE Neutral
📢 Key Event
Company sells 49% stake in subsidiary to Neo Infra Income Opportunities Fund
🔄 What Changed
49% stake transferred, entity no longer wholly owned subsidiary
🔮 What's Next
Second tranche to be received by September 30, 2026
💡 Investor Takeaway
Shareholders see partial stake sale proceeds and potential follow-on transaction completion by September 30, 2026.

H.G. Infra Engineering Limited announced the sale of its 49% stake in the wholly owned subsidiary H.G. Raipur Visakhapatnam OD-5 Private Limited to Neo Infra Income Opportunities Fund for Rs. 377.40 Crore, with the first tranche of Rs. 121.80 Crore received on June 05, 2026 and the remaining 51% stake to be sold by September 30, 2026. The transaction removes the entity from being a wholly owned subsidiary but retains it as a subsidiary, and the buyer is not part of the promoter group.

📄 View Original Announcement (PDF)

About H.G. Infra Engineering Limited (HGINFRA)

Construction · Construction · Listed on NSE

Market Cap: ₹3,937.64 Cr P/E: 7.2

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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