💰 HG Infra Engineering Invests ₹33.80 Crore in Battery
Published by OOPSONLINE.IN · Source: scanx.trade · 1 min read · · Updated
What actually happened
H.G. Infra Engineering Limited invested ₹33.80 crore in H.G. Gujarat Bess Private Limited via a rights issue, acquiring 1,30,000 shares at ₹2,600 each. The wholly owned subsidiary, focused on battery energy storage systems, had nil turnover as of March 31, 2026. The transaction, completed on August 06, 2026, was disclosed under SEBI Regulations 30 and 51 as a related party transaction aimed at expanding the company's business in the energy storage sector.
Key points
- Infra Engineering Limited invested ₹33.
- 80 crore in H.
- Gujarat Bess Private Limited via a rights issue, acquiring 1,30,000 shares at ₹2,600 each.
- The wholly owned subsidiary, focused on battery energy storage systems, had nil turnover as of March 31, 2026.
Summary based on data provided by scanx.trade. Full article available at the original publisher.
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