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The transaction, first announced in May 2023, was executed on February 20, 2025, following shareholder approval at the company’s 22nd AGM in August 2024.
The divested entity, Rewari Bypass Private Ltd, contributed ₹60.92 crore in revenue during the financial year ending March 31, 2024, representing just 0.12% of HG Infra’s consolidated revenue.
Its net worth stood at ₹105.82 crore, accounting for 4.56% of the company’s consolidated net worth.
The buyer, Highways Infrastructure Trust, is a registered infrastructure investment trust (InvIT) under the Indian Trusts Act, 1882. The firm is not related to HG Infra’s promoter group.
Also read: SEBI mulls framework for fast track follow-on offer by REITs, InvITs
The transaction was conducted outside any Scheme of Arrangement and does not qualify as a related-party transaction.
Ahead of the announcement, shares of HG Infra Engineering Ltd closed 3.96% higher at ₹1,124.35 on the BSE, gaining ₹42.80 in Thursday’s session.
The sale aligns with HG Infra’s strategy of monetising assets and optimising capital allocation within its infrastructure portfolio.
