H G Infra to hive off four SPVs

H G Infra Engineering Ltd (“Company”) entered into a Share Purchase Agreement (SPA) with Highways Infrastructure Trust (“Buyer”) and Highway Concessions One Private Limited, to sell its 100% 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)

Valuation Details:
• Enterprise Value of this transaction is Rs. 1,394 Cr. translating to approximate Equity Value of Rs. 531 Cr.
• The price to book at which this execution has been made is 1.55
• The equity commitment in these projects – Rs. 343 Cr.
• The debt commitment in these projects – Rs. 996 Cr.