Ceigall India signs definitive pact with Neo Infra Fund for CMASH Divestment worth Rs 1.77 billion

Ceigall India Limited has entered into a definitive agreement to divest its stake in Ceigall Malout Abohar Sadhuwali Highways Private Limited (CMASH), a road infrastructure project company in Punjab, to Neo Infra Income Opportunity Fund, managed by Neo Alternative Asset Managers Private Limited. The transaction has been formalised through a share purchase agreement executed on June 3, 2026, following the signing of a binding offer letter earlier this year. Under the terms of the agreement, Ceigall India and its wholly owned subsidiary, Ceigall Infra Projects Private Limited, will transfer their shareholding in CMASH to the infrastructure-focused investment fund. The total consideration for the transaction, including cash surplus, is valued at approximately Rs 1.77 billion.