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Ceigall India Ltd will infuse Rs. 86.32 Crore into its step-down subsidiary, Ceigall Ambala Chandigarh Zirakpur Limited. The investment supports a 6-lane spur connectivity highway project in Punjab.
Ceigall India Limited will subscribe to 4,900 equity shares in a new joint venture, HC Concessions Limited, for Rs. 49,000.
Ceigall India Ltd will acquire 100% of Velgaon Power Transmission Ltd, injecting ₹109.19 crore equity into the project SPV. The acquisition aligns with its selected bidder status.
Ceigall India signed a definitive agreement to divest its CMASH highway subsidiary for ₹177 Crore. The deal aids capital recycling and portfolio optimization for future growth.
Ceigall India executed an SPA to sell its step-down subsidiary for ₹177 Crore to Neo Infra Income Opportunity Fund. The divestment streamlines its portfolio.
Ceigall India Limited has incorporated a new subsidiary, Ceigall Ambala Chandigarh Zirakpur Limited, as a Special Purpose Vehicle. The SPV will implement a 6-lane spur connectivity project in Punjab awarded by NHAI under the Hybrid Annuity Mode. The initial cash consideration for incorporation is ₹0.01 Crore.
Ceigall India Ltd approved the incorporation of a new step-down subsidiary, Ceigall Ambala Chandigarh Zirakpur Limited, with a subscription cost of ₹0.0026 Crore. This SPV will execute a 6-lane spur connectivity project in Punjab awarded by NHAI. The company will hold a 26% stake in the newly formed entity.