Dilip Buildcon Transfers 26% Stake in Viluppuram Highways to Alpha Alternatives
Dilip Buildcon transfers 26% stake in Viluppuram Highways to Alpha Alternatives for Rs. 30.79 crore. The deal was expected to be completed by July 12, 2024, enhancing strategic partnership and financial position.
by Damodharan N
Updated Jul 16, 2024
Table of Content
Dilip Buildcon Limited (DBL) has finalized the transfer of its 26% stake in Viluppuram Highways Limited, a wholly owned subsidiary, to Alpha Alternatives Holdings Private Limited. This strategic move is part of DBL's ongoing collaboration with Alpha Alternatives, following previous disclosures on their long-term partnership.
The agreement for the sale was formalized on July 10, 2024, with the transaction expected to conclude by July 12, 2024. DBL disclosed that it received Rs. 30.79 crore as consideration for the stake transfer.
Alpha Alternatives Holdings Private Limited, the buyer, is an independent entity not affiliated with DBL's promoter group. This transaction marks a significant step in DBL's strategic portfolio management and strengthens its financial position.
Get the Full Release Here
Dilip Buildcon
Dilip Buildcon Limited (DBL), established in 1987, has evolved into a prominent player in India's Engineering, Procurement, and Construction (EPC) sector by focusing on road infrastructure. Known for its dedication, strong relationships, and a drive for excellence, DBL has consistently delivered high-quality projects since its inception.
Positioned as a key contributor to India's infrastructure development, DBL is recognized for its efficient execution and innovative approach, aligning closely with the nation's growth trajectory. By seizing emerging opportunities and emphasizing sustainable infrastructure, DBL not only participates in but actively shapes India's future.
Alpha Alternatives
Alpha Alternatives is a dynamic asset management firm specializing in creating sophisticated investment solutions across multiple asset classes. With a focus on pioneering truly distinctive investment opportunities, Alpha Alternatives integrates product innovation and rigorous risk management to generate alpha for proprietary and client capital.
Structured around Platform Partners and Entrepreneur Partners, the firm leverages expertise in non-investment functions and specialized asset strategies to drive growth across commodity markets, equity markets, structured credit, and quantitative strategies.
Dilip Buildcon Transfers 26% Stake in Viluppuram Highways to Alpha Alternatives - FAQs
1. What stake did Dilip Buildcon transfer to Alpha Alternatives?
Dilip Buildcon transferred a 26% stake in Viluppuram Highways Limited to Alpha Alternatives.
2. How much did Dilip Buildcon receive for the stake transfer?
Dilip Buildcon received Rs. 30.79 crore as consideration for the stake transfer.
3. When was the agreement for the stake sale formalized?
The agreement for the sale was formalized on July 10, 2024.
4. When is the transaction expected to be completed?
The transaction is expected to be completed by July 12, 2024.
5. Who is Alpha Alternatives Holdings Private Limited?
Alpha Alternatives Holdings Private Limited is an independent entity not affiliated with Dilip Buildcon's promoter group.
6. Why did Dilip Buildcon transfer the stake in Viluppuram Highways?
The transfer is part of Dilip Buildcon's strategic portfolio management and ongoing collaboration with Alpha Alternatives.
7. What sectors does Alpha Alternatives focus on?
Alpha Alternatives specializes in commodity markets, equity markets, structured credit, and quantitative strategies.
8. How does Dilip Buildcon contribute to India's infrastructure?
Dilip Buildcon contributes by focusing on road infrastructure projects across India.
9. What are the core values of Dilip Buildcon?
Dilip Buildcon values dedication, strong relationships, and a drive for excellence in project execution.
10. How does Alpha Alternatives generate returns for its clients?
Alpha Alternatives generates returns through innovative investment solutions and rigorous risk management practices.