H.G. Infra Engineering Transfers Stake in Subsidiary to Neo Infra Income Opportunities Fund
H.G. Infra Engineering Limited announced the transfer of a 49% stake in H.G. Khammam Devarapalle PKG-1 Private Limited to Neo Infra Income Opportunities Fund on March 30, 2026. The transaction, which began with a Securities Purchase Agreement executed on January 15, 2026, involved a total consideration of ₹ 233.77 crore.As a result of the stake transfer, H.G. Khammam Devarapalle PKG-1 Private Limited, previously a wholly-owned subsidiary, now remains a subsidiary of H.G. Infra Engineering Limited. The remaining 51% stake will be transferred in accordance with transaction documents.
According to data for the financial year ended March 31, 2025, H.G. Khammam Devarapalle PKG-1 Private Limited reported a total revenue of ₹ 296.42 crore, contributing 5.9% to the consolidated revenue of H.G. Infra Engineering Limited. Its net worth as of March 31, 2025, was ₹ 110.64 crore, representing 2.2% of the consolidated net worth. Neo Infra Income Opportunities Fund, the buyer, is a registered scheme under Neo Credit Alternatives Investment Trust, managed by Neo Alternative Asset Managers Private Limited. The transaction does not involve related parties and does not fall outside the Scheme of Arrangement.
| Sr . No . | Details of Events | H.G. Khammam Devarapalle PKG-1 Private Limited |
|---|---|---|
| a) | Revenue (Financial Year Ended March 31, 2025) | ₹ 296.42 crore |
| %Share in Consolidated Revenue | 5.9% | |
| a) | Net Worth (As of March 31, 2025) | ₹ 110.64 crore |
| %Share in Consolidated Net worth | 2.2% | |
| b) | Date of Agreement Execution | January 15, 2026 |
| c) | Completion Date | March 30, 2026 |
| d) | Total Consideration | ₹ 233.77 crore |
| f) | Related Party Transaction? | No |
Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.