Dilip Buildcon jumps after board nod to offload stakes in 10 SPVs

The board approved the divestment of upto 23% investment in 10 special project vehicles (SPVs) in a phased manner to DBL Infraventures private (wholly owned subsidiary of the company).

Additionally, the company's board also approved divestment of upto 26% investment in 10 special project vehicles (SPVs) in a phased manner to Alpha Alternatives Holdings and/or Alpha Alternatives Infrastructure Fund (AIF) and/or Build India Infrastructure Fund (BIF) and/or their affiliates.

Dilip Buildcon is one of the leading full-service infrastructure company with construction capabilities in Roads & bridges, Mining, Water sanitation, Sewage, Dams, Irrigation, Airport, Metro and railways, Optical fiber, industrial, commercial, and residential buildings with a presence in over 20 states & 1 union territory.

The company's consolidated net profit soared 3099.1% to Rs 170.83 crore despite a 0.8% decline in net sales to Rs 3,096.10 crore in Q4 FY25 over Q4 FY24.

Powered by Capital Market - Live News