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H.G. Infra Engineering shares are likely to remain in focus on Monday after the company announced the transfer of a 49% stake in its special purpose vehicle (SPV), H.G. Raipur Visakhapatnam OD-5 Private Limited, to Neo Infra Income Opportunities Fund (NIIOF).
The transaction forms part of a previously announced agreement and marks a significant step in the monetisation of the company's road infrastructure assets. Following the stake transfer, H.G. Raipur Visakhapatnam OD-5 Private Limited has ceased to be a wholly owned subsidiary of H.G. Infra Engineering. However, the company will continue to hold a 51% stake, ensuring that the entity remains its subsidiary.
According to the company's regulatory filing, the transaction was completed on June 5, 2026, with a total consideration of ₹377.40 crore. H.G. Infra Engineering has already received the first tranche of ₹121.80 crore against the transfer of the initial 49% stake. The remaining consideration is expected to be received on or before September 30, 2026, upon the completion of the transfer of the balance 51% stake.
The buyer, Neo Infra Income Opportunities Fund, is a registered scheme under Neo Credit Alternatives Investment Trust and is managed by Neo Alternative Asset Managers Private Limited. The company clarified that the buyer is not part of the promoter group and that the transaction does not qualify as a related-party transaction.
For the financial year ended March 31, 2026, H.G. Raipur Visakhapatnam OD-5 Private Limited contributed revenue of ₹325.59 crore, accounting for 6.22% of H.G. Infra Engineering's consolidated revenue. The SPV also contributed net worth of ₹139.59 crore, representing 4.28% of the company's consolidated net worth.
The Securities Purchase Agreement for the transaction was originally executed on December 18, 2025. The company noted that the transaction is not a slump sale and does not fall under a scheme of arrangement.
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