HG Infra Engineering Ltd has completed the sale of its 100% equity stake in HG Raipur Visakhapatnam OD-6 Private Ltd to Neo Infra Income Opportunities Fund for ₹282.24 crore. According to reports from CNBC TV18, the company sold 11,37,750 equity shares in the subsidiary, with ₹203 crore received on the date of completion, while the remaining amount will be received as per the transaction terms.
For the financial year ended March 31, 2025, HG Raipur Visakhapatnam OD-6 Private Ltd reported revenue of ₹329.10 crore, contributing 6.5% to consolidated revenue, and net worth of ₹132.19 crore, representing 2.6% of consolidated net worth. As reported by CNBC TV18, the securities purchase agreement for the sale was executed on November 6, 2025, and the entity will cease to be a subsidiary following the completion of the transaction.
The buyer, Neo Infra Income Opportunities Fund, is a registered scheme under Neo Credit Alternatives Investment Trust, a category II alternative investment fund registered with SEBI and managed by Neo Alternative Asset Managers Private Limited, Mumbai. According to CNBC TV18, the buyer does not belong to the promoter or promoter group, and the transaction does not fall under related party transactions, is not a slump sale, and is not outside a scheme of arrangement.
Shares of HG Infra Engineering Ltd ended at ₹606.50, down by ₹11.50, or 1.86%, on the BSE on April 23, 2026, as reported by CNBC TV18. The stock movement occurred on the same day as the subsidiary sale announcement, reflecting market reaction to the strategic divestment. Meanwhile, Tata Motors Ltd. shares were also trading lower, down 3.56% from the previous close price of ₹447.80, with the stock last trading at ₹431.85 as of April 23, 2026.
