HCC Group to divest Baharampore-Farakka highways for Rs 1,279cr
Hindustan Construction Company (HCC Group) said that it has agreed to sell Baharampore-Farakka Highways Limited (BFHL) to Singapore-based Cube Highways and Infrastructure V at an enterprise value of INR 1,279 crores. The deal implies an equity valuation of INR 600 crores for Baharampore-Farakka Highways. Apart from the equity value, an earnout of INR 200 crores […]