Mumbai, June 9 -- The board approved the divestment of upto 23% investment in 10 special project vehicles (SPVs) in a phased manner to DBL Infraventures (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...