H.G. Infra Engineering Limited (Company) has acquired equity shares in its wholly owned subsidiary, H.G. Bahuvan Jagarnathpur Highway Private Limited, through a rights issue. The total investment amounts to ₹45,78,00,000 (45.78 Crore). This acquisition of 5,23,200 equity shares was completed on January 03, 2026, at an issue price of ₹875 per share. H.G. Bahuvan Jagarnathpur Highway Private Limited, incorporated on January 23, 2025, operates in the construction and maintenance of roads sector. As of March 31, 2025, its authorized capital was ₹67,32,000 and subscribed share capital was ₹15,00,000, with a turnover of ₹93,825.75. The company stated that this investment is for business expansion. The acquired entity is a related party as it is a wholly owned subsidiary. The transaction falls within the ambit of related party transactions, with no additional interest from promoters or promoter groups beyond the Company's existing shareholding. No specific governmental or regulatory approvals were required for this acquisition.
