Ceigall India Ltd. Authorizes Exploration of Sale of Subsidiary Stakes
Ceigall India Limited announced on March 25, 2026, that its Management Committee has authorized the consideration of a Non-Binding Offer (NBO) letter received from an Asset Management Company. The offer pertains to the potential sale of 100% equity stake in two subsidiaries: Ceigall Jalbehra Shahbad Greenfield Highway Private Limited and Ceigall Bathinda Dabwali Highways Private Limited.The Management Committee meeting took place on March 25, 2026, commencing at 2:30 P.M. (IST) and concluding at 2:45 P.M. (IST).
The transaction remains subject to due diligence, negotiation, execution of definitive agreements, and receipt of necessary approvals. Further details, in accordance with SEBI (LODR) Regulations, will be provided upon execution of definitive agreements.
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