Published On:December 5 2023
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"HCC's Subsidiary Secures Rs. 110 Crore Earn Out from Cube Highways"
In a significant development stemming from the Baharampore-Farakka Highways Ltd. (BFHL) subsidiary stake sale transaction, HCC Infrastructure Company Ltd., a subsidiary of Hindustan Construction Company Ltd., has successfully received Rs. 110 Crore as earn-out money from Cube Highways and Infrastructure V Pte. Ltd. This financial transaction underscores the strategic and financial maneuvers within the broader context of infrastructure investments and signifies a positive outcome for the involved entities.
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