Dilip Buildcon Sells Solar Portfolio Stake for ₹6,829 Cr

Dilip Buildcon Limited (DBL) has executed definitive agreements to divest its stake in ten Special Purpose Vehicles (SPVs) undertaking its under-construction solar portfolio to Alpha Alternatives. The portfolio has an estimated total project cost of approximately INR 6,263 Cr. The transaction is valued at an enterprise value of approximately INR 6,829 Cr. DBL and Alpha Alternatives will fund the equity portion of the project cost in a 51:49 ratio during construction. Upon completion, Alpha Alternatives will acquire DBL's remaining 51% stake. This divestment aligns with DBL's "DBL 2.0" strategy, focusing on an asset-light model, capital recycling, and balance sheet deleveraging.