Ceigall India Sells Step-Down Subsidiary for ₹177 Cr

Ceigall India Ltd announced the sale of its step-down subsidiary, Ceigall Malout Abohar Sadhuwali Highways Private Limited (CMASH), through its wholly-owned subsidiary Ceigall Infra Projects Private Limited. The Share Purchase Agreement (SPA) was executed on June 3, 2026, with Neo Infra Income Opportunity Fund. CMASH contributed 2.10% to the consolidated turnover and 6.30% to the consolidated net worth for the financial year ended March 31, 2026. The total consideration for the sale is ₹177 crores, subject to adjustments. The transaction is not a related party transaction and does not fall within a scheme of arrangement.