HG Infra Engineering Share Price in Focus; Sells Stake in Raipur-Visakhapatnam Subsidiary

H.G. Infra Engineering Ltd has completed the sale of its wholly owned subsidiary, H.G. Raipur Visakhapatnam OD-6 Private Limited. The transaction was closed on 23 April 2026, according to a regulatory filing.  

The company had earlier indicated its intention to divest the unit through disclosures made in August and November 2025.  

Stake Transferred to Investment Fund 

The company has transferred its entire holding of 11,37,750 equity shares, representing 100% ownership in the subsidiary, to Neo Infra Income Opportunities Fund. Following the transfer, the entity is no longer classified as a subsidiary.  

Neo Infra Income Opportunities Fund operates under Neo Credit Alternatives Investment Trust and is managed by Neo Alternative Asset Managers Private Limited. The filing states that the buyer is not linked to the promoter group.  

Consideration and Payment Details 

The total consideration for the sale is ₹282.24 crore. Of this, ₹203 crore has been received at the time of completion, while the remaining amount will be paid as per the agreed terms.  

The securities purchase agreement for the transaction was executed on 6 November 2025.  

Financial Position of the Subsidiary 

For the financial year ended 31 March 2025, the subsidiary reported revenue of ₹329.10 crore. This represented 6.5% of the company’s consolidated revenue.  

Its net worth stood at ₹132.19 crore, accounting for 2.6% of the consolidated net worth.  

Regulatory Aspects 

The company stated that the transaction does not fall under related party transactions. It also clarified that the sale is not part of any scheme of arrangement and is not classified as a slump sale.  

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H.G. Infra Engineering Share Price Performance  

As of April 24, 2026, 11:53 am, HG Infra Engineering Ltd’s share price was trading at ₹595.10, down 1.65% from the previous closing price. 

Conclusion 

With the transfer completed, H.G. Infra has exited the Raipur–Visakhapatnam OD-6 entity. The balance consideration is to be received in line with the terms agreed between the parties. 

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