Ceigall India Sells CMASH Stake for ₹177 Cr
Ceigall India Limited has entered into a definitive agreement to divest its stake in Ceigall Malout Abohar Sadhuwali Highways Private Limited (CMASH), a road infrastructure project company in Punjab, to Neo Infra Income Opportunity Fund. The transaction, formalized through a Share Purchase Agreement (SPA) on June 3, 2026, is valued at approximately ₹177 crore. CMASH, a step-down subsidiary, reported a turnover of ₹82.69 crore and a net worth of ₹136.11 crore for FY26. This divestment aligns with Ceigall India's strategy of monetizing operational assets to recycle capital for future growth opportunities. The transaction is not a related-party transaction and is expected to be completed upon fulfillment of customary conditions precedent.
Key Highlights
- Ceigall India divests CMASH stake for approximately ₹177 crore.
- SPA signed with Neo Infra Income Opportunity Fund for the divestment.
- CMASH reported FY26 turnover of ₹82.69 crore and net worth of ₹136.11 crore.
- Divestment aligns with capital allocation and portfolio optimization strategy.
- Transaction expected to complete upon fulfillment of conditions precedent.
Price Impact
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