H.G. Infra Engineering Ltd. to Divest 100% Stake in Five Wholly Owned Subsidiaries to Neo Infra Income Opportunities Fund

H.G. Infra Engineering Limited has approved the proposal for divestment of 100% equity stake held in its five wholly owned subsidiaries to Neo Infra Income Opportunities Fund. The subsidiaries include H.G. Khammam Devarapalle PKG-1 Private Limited, H.G. Khammam Devarapalle PKG-2 Private Limited, H.G. Raipur Visakhapatnam AP-1 Private Limited, H.G. Raipur Visakhapatnam OD-6 Private Limited, and H.G. Raipur Visakhapatnam OD-5 Private Limited. The total enterprise value of all the target Special Purpose Vehicles (SPVs) combined is approximately INR 3584 Crore. The transaction is expected to be completed in the next 12 months, subject to the satisfaction of condition precedents and regulatory approvals.