H.G. Infra Engineering Ltd Completes Sale of 100% Stake in H.G. Raipur Visakhapatnam OD-6
H.G. Infra Engineering Limited announced the transfer of its entire equity stake in its wholly owned subsidiary, H.G. Raipur Visakhapatnam OD-6 Private Limited. The company reported that on April 23, 2026, it transferred its 100% equity stake, aggregating 11,37,750 Equity Shares, to Neo Infra Income Opportunities Fund.With the completion of this transfer, the company confirmed that H.G. Raipur Visakhapatnam OD-6 Private Limited ceases to be a subsidiary of H.G. Infra Engineering Limited.
Transaction Details and Consideration
The sale of the subsidiary was executed following a Securities Purchase Agreement entered into on November 06, 2025. The transaction was completed on April 23, 2026.The total consideration received for the sale of the subsidiary was Rs. 282.24 crore. On the date of the transaction, the company received Rs. 203.00 crore, with the remaining balance to be received according to the terms and conditions of the Transaction Documents.
The buyer for the undertaking was identified as Neo Infra Income Opportunities Fund (NIIOF). NIIOF is described as a registered scheme under Neo Credit Alternatives Investment Trust, a Category II Alternative Investment Fund managed by Neo Alternative Asset Managers Private Limited. The company noted that the buyer does not belong to the promoter or promoter group. Furthermore, the transaction was determined not to fall under related party transactions.
Financial Contribution of the Subsidiary
The financial details of H.G. Raipur Visakhapatnam OD-6 Private Limited contributing to the consolidated revenue and net worth were reported in the announcement.The contributing figures for the subsidiary during the last financial year were:
| Metric | Value | Share in Consolidated Revenue | Share in Consolidated Net Worth |
|---|---|---|---|
| Revenue (FY ended March 31, 2025) | To be reported | 6.5% | N/A |
| Net Worth (as at March 31, 2025) | To be reported | N/A | 329.10 INR Crore (329.10) |
Additionally, the financial data for other associated entities were noted:
| Asset Name | Net Worth (INR Crore) | % Share in Consolidated Net Worth |
|---|---|---|
| H.G. Visakhapatnam Private Limited | 132.19 | 2.6% |
HGINFRA Stock Price Movement
Today, H.G. Infra Engineering Limited shares shed 2.26% on the close, settling at ₹605.1. The equity saw considerable trading activity in the session, with a total volume of 170,655 shares handled.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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