H G Infra Engineering Ltd enters into SPA with Highway Infrastructure Trust

The Board of Directors of H.G. Infra Engineering Limited ("Company") in its meeting held on May 02, 2023 has approved the Company entering into a share purchase agreement with Highway Infrastructure Trust ("Buyer"), Highway Concessions One Private Limited, H.G. Ateli Narnaul Highway Private Limited, H.G. Rewari Ateli Highway Private Limited, Gurgaon Sohna Highway Private Limited and H.G. Rewari Bypass Highway Private Limited ("SPA™) pursuant to which the Company shall sell its 100% (one hundred percent) shareholding in four wholly owned subsidiaries namely: (a) Gurgaon Sohna Highway Private Limited; (b) H.G. Rewari Ateli Highway Private Limited; (c) H.G. Ateli Narnaul Highway Private Limited: and (d) H.G. Rewari Bypass Private Limited, (collectively referred to as "SPVs") to the Buyer.

Shares of H.G. Infra Engineering Limited was last trading in BSE at Rs. 911.00 as compared to the previous close of Rs. 931.90. The total number of shares traded during the day was 22026 in over 1566 trades.

The stock hit an intraday high of Rs. 945.00 and intraday low of 895.25. The net turnover during the day was Rs. 20316452.00.

Source : Equity Bulls

Keywords

HGInfraEngineering INE926X01010 SPA HighwayInfrastructureTrust StakeSale