Ceigall India Approves Funding for Subsidiary SPV and Security Creation
Ceigall India's Management Committee approved security creation for a subsidiary SPV's loan and further equity investment. The company will invest ₹29.44 Crores in Ceigall Indore Ujjain Greenfield Highway Limited, a subsidiary for a highway project. Ceigall India will hold 74% stake.
The investment and loan facility are significant for the subsidiary's project, indicating operational progress and potential future revenue streams for the parent company.
The company is actively investing in its subsidiary and facilitating project financing, which is a positive development for business growth.
Ceigall India Limited announced that its Management Committee of the Board of Directors, in a meeting held on 19th August 2026, approved the creation of security for a Rupee Term Loan facility sanctioned to Ceigall Indore Ujjain Greenfield Highway Limited. This subsidiary also serves as the project special purpose vehicle (SPV) for financing the project.
Furthermore, the committee approved a further investment in the Project SPV through equity share capital and the provision of loans and securities as per fund requirements. The meeting commenced at 11:45 AM IST and concluded at 12:05 PM IST.
The details provided in Annexure-I specify that the target entity is Ceigall Indore Ujjain Greenfield Highway Limited, with an authorized and paid-up share capital of ₹1,00,000. The size/turnover is ₹0.40 Lakhs, and it belongs to the Infrastructure Development Industry. The company's wholly-owned subsidiary, Ceigall Infra Projects Private Limited (CIPPL), was identified as the Selected Bidder for the "Construction of Indore Ujjain Green field (Access Control) 4 lane with paved shoulder project highway" on Hybrid Annuity Mode (HAM). The company is required to infuse funds in the Project SPV for its implementation.
The consideration for the investment is in cash, with ₹29.44 Crores to be infused in the form of Equity Share Capital by the Company along with CIPPL. Ceigall India Limited will hold 74% equity, and CIPPL will hold 26%. The Project SPV was incorporated on 15/01/2026, and its turnover for FY ended 31st March 2026 was Rs. 0.40 Lakhs. No governmental or regulatory approvals are required for this acquisition, and the investment will be made in tranches as per the project's fund requirements.
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