H. G. Banaskantha Bess Private Limited announced it has issued 6,40,200 equity shares at an issue price of INR 758 per share with a face value of INR 10 each for gross proceeds of INR 485.2716 million through rights issue on March 23, 2026. The transaction included participation from new investor,H.G. Infra Engineering Limited and retained it's 100% stake in the company.
H.G. Infra Engineering Limited is an India-based infrastructure company. The Company specializes in the execution of infrastructure projects, focusing on roads, highways, bridges, railways, water pipeline projects, land development, and metro projects. The Company is engaged in the business of engineering, procurement and construction (EPC) on a turnkey basis alongside projects under the Hybrid Annuity Model (HAM), maintenance of roads, highways, bridges and flyovers, and other infrastructure contract work. The Company operates through a single segment, namely, EPC business. The Company has a presence in Rajasthan, Haryana, Delhi, Uttar Pradesh, Himachal Pradesh, Maharashtra, Jharkhand, Telangana, Odisha, Andhra Pradesh, and Karnataka. Its completed projects include Khonsa section of NH-52B, Tonk - Sawai Madhopur, Delhi - Vadodara (PKG-4), Khonsa section of NH-52B, Delhi - Vadodara (PKG-4), Kundal Jhadol (Udaipur-Rajasthan), Bhawi - Pipar - Khimsar (Rajasthan), and others.
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Investor
Investor
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Global
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Quality
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ESG MSCI
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