HG Infra Sells 49% SPV Stake for ₹233.77 Cr

H.G. Infra Engineering transferred 49% stake in subsidiary H.G. Khammam Devarapalle PKG-1 Pvt Ltd to Neo Infra Income Opportunities Fund on March 30, 2026.
Total transaction consideration is ₹233.77 crore; first tranche of ₹81.69 crore received March 30, 2026, with balance due by June 30, 2026.
The SPV contributed ₹296.42 crore (5.9%) to consolidated revenue and ₹110.64 crore (2.2%) to net worth as of March 31, 2025.
The entity ceases to be a wholly owned subsidiary but continues as a subsidiary; transaction is not a related party deal or slump sale.