Dilip Buildcon is in the limelight. The stock price is showing a very mixed reaction to the news that it has signed a term sheet with privately owned family business Chhatwal Group Trust (Shrem Group) to sell its entire stake in 24 of its road projects for Rs1,600 crore.

The sale is for 14 operational projects, and 4 under construction projects & 6 HAM projects, which are at different stages of under construction & pre construction. As of 30/06 /2017, the company has already invested (ln the form of Equity & Sub Debt) an amount of Rs. 454 crore in 14 operational projects while an amount of Rs.12.5 crore is yet to be invested in these projects. Similarly the company has invested Rs. 222 crore in 4 under construction projects while an amount of Rs.96 crore is yet to be invested in these projects.  It has invested Rs. 6.36 crore in 6 HAM projects while an amount of Rs.733 crore is yet to be invested in these projects. So to sum up all the above, the total amount already invested (ln the form ofequity & Sub Debt) by the company as on 30/06/2017 is Rs.682 crore while an amount of Rs'.842 crore  is yet to be invested against which company is expecting to receive a total of Rs. 1600 crore through this transaction.

The transaction is expected to be completed by 31 March 2019.

The stock price, opened in the positive atRs.599 from Thursday’s close of Rs.593 and then it slipped into the red and is now currently 1.5% down at Rs.584.