H.G. Infra sells subsidiary for ₹282.24 Cr

H.G. Infra Engineering Ltd has completed the sale of its 100% equity stake in its wholly-owned subsidiary, H.G. Raipur Visakhapatnam OD-6 Private Limited, to Neo Infra Income Opportunities Fund. The transaction, which was first announced in August 2025 and had its Securities Purchase Agreement executed on November 06, 2025, was finalized on April 23, 2026. The total consideration for the sale is ₹282.24 crore, with ₹203.00 crore received on the completion date. For the financial year ended March 31, 2025, the divested subsidiary contributed ₹329.10 crore (6.5%) to H.G. Infra's consolidated revenue and ₹132.19 crore (2.6%) to its consolidated net worth. The buyer is not part of the promoter group, and the transaction is not considered a related party transaction.