HG Infra Engineering has successfully completed the sale of its entire 100% stake in Rewari Bypass to Highways Infrastructure Trust for Rs 133.03 crore.
This transaction, which was initially announced in May 2023, was finalized on February 20, 2025, after receiving shareholder approval at the company’s 22nd Annual General Meeting (AGM) held in August 2024. Rewari Bypass generated Rs 60.92 crore in revenue for FY24.
The deal was carried out outside of any scheme of arrangement and is not a related-party transaction. It further supports HG Infra’s strategy of asset monetization and optimizing capital.
News by Rahul Yelligetti.