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Dilip Buildcon transfers remaining 51% stake in subsidiary company

17 Jun 2022 Evaluate

Dilip Buildcon has transferred its remaining 51% equity stake in its subsidiary company viz. DBL Borgaon Watambare Highways (SPV) to Cube Highways and Infrastructure III. As per the transaction structure, the 100% stake transfer of the company in aforesaid SPV was to be consummated in two stages, of which the first stage of transfer of 49% equity stake was completed on December 31, 2021 and now the second stage of transfer for remaining 51% Equity shares has been completed.

The company had invested an aggregate amount of Rs 109.87 crore (in form of equity share capital & subordinate loans in aforesaid SPV) against which till December 2021 the company received from the Purchaser Rs 38.97 crore towards transfer of 49% equity stake and Rs 60.07 crore towards repayment of subordinate loans provided by the company to said SPV. Further, the company has now received Rs 42.12 crore from the Purchaser against transfer of remaining 51% equity stake of the said SPV, as per the terms of the Share Purchase Agreement signed with the Purchaser.

Dilip Buildcon’s core business is undertaking construction projects across India in the roads and irrigation sectors. They specialize in constructing state and national highways, city roads, culverts and bridges.

Dilip Buildcon Share Price

439.85 2.20 (0.50%)
03-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
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Dilip Buildcon 439.85
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DLF 675.75
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