Divestment17 Jun 2026, 11:58 am
Ceigall India Divests 100% Subsidiary for ₹182.2 Cr
AI Summary
Ceigall India Ltd has completed the divestment of its entire 100% equity stake in Ceigall Malout Abohar Sadhuwali Highways Private Limited (CMASH) to Neo Infra Income Opportunities Fund. The transaction, finalized on June 16, 2026, involved a consideration of Rs. 182.20 crores (including cash surplus). CMASH contributed Rs. 826.89 million (2.10%) to Ceigall India's consolidated turnover and Rs. 1361.14 million (6.30%) to its consolidated net worth in the last financial year. Following the sale, CMASH ceases to be a step-down subsidiary of Ceigall India.
Key Highlights
- Ceigall India divested 100% stake in subsidiary CMASH.
- Sale consideration amounts to Rs. 182.20 crores.
- CMASH contributed 2.10% to consolidated turnover.
- CMASH represented 6.30% of consolidated net worth.
- Transaction completed on June 16, 2026.
Price Impact
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