<h1>H.G. Infra Engineering Limited Transfers Stake in Subsidiary to Neo Infra Income Opportunities Fund</h1>
H.G. Infra Engineering Limited has announced the transfer of its remaining 51% stake in H.G. Raipur Visakhapatnam OD-5 Private Limited, a subsidiary of the company. The transferred stake was acquired by Neo Infra Income Opportunities Fund.
The transaction marks a significant change in the corporate structure, as a result of the sale, H.G. Infra Engineering Limited will no longer be the controlling entity for the subsidiary.
Following this transfer, the associated entity ceases to be classified as a subsidiary of H.G. Infra Engineering Limited.
HGINFRA Stock Price Movement
H.G. Infra Engineering Limited shares settled lower today, shedding 1.28% to close at ₹541.90 after trading in the context of a volatile session. The stock found itself near the bottom of its intraday range, having seen a total traded volume of 33,152 shares while testing lows around ₹540.10.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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