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Bloomberg Quint

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Image Credit: Bloomberg Quint

HG Infra Engineering Arm Sells Stakes In Step-Down Subsidiaries

  • HG Infra Engineering Ltd. announced that four of its step-down subsidiaries are no longer wholly owned by the company.
  • The company's subsidiary, HG Green Energy Pvt., transferred 26% of its partial stake to Stockwell Solar Services Pvt.
  • The construction and engineering company continues to hold stakes in the subsidiaries, but its shareholding is less than 100%.
  • HG Green Energy sold stakes in HG Mathania Solar Project Pvt., HG Nokha Solar Project Pvt., HG Rajlani Solar Project Pvt., and HG Sri Dungargarh Solar Project Pvt.

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