Transaction Details
H.G. Infra Engineering Limited has transferred 49% of its stake in H.G. Raipur Visakhapatnam OD-5 Private Limited (a formerly wholly-owned subsidiary) to Neo Infra Income Opportunities Fund. The transaction was executed under a Securities Purchase Agreement dated December 18, 2025. The remaining 51% stake will be transferred in accordance with the terms and conditions of transaction documents.
Financial Impact
Consideration: Total transaction value of ₹377.40 Crore.
Payment Terms:
- First tranche of ₹121.80 Crore received on June 05, 2026 (for 49% stake transfer)
- Second tranche to be received on or before September 30, 2026 (for remaining 51% stake transfer)
Financial Contribution of Divested Entity (FY26):
- Revenue: ₹325.59 Crore (6.22% of consolidated revenue)
- Net Worth: ₹139.59 Crore (4.28% of consolidated net worth)
Entity Status Change
Pursuant to this stake transfer, H.G. Raipur Visakhapatnam OD-5 Private Limited ceases to be a wholly-owned subsidiary but continues to remain a subsidiary of the Company.
Counterparty Details
Buyer: Neo Infra Income Opportunities Fund (NIIOF), a registered scheme under Neo Credit Alternatives Investment Trust, a Category II Alternative Investment Fund registered with SEBI.
Investment Manager: Neo Alternative Asset Managers Private Limited (formerly known as Neo Asset Management Private Limited)
Corporate Identification Number: U66300MH2021PTC371799