Dilip Buildcon has informed the exchanges that it has signed a term sheet with Chhatwal Group Trust (the investor) on Thursday for divestment of its entire stake in 24 of its subsidiary companies. The sale is for 14 operational projects, four under-construction projects and six hybrid annual model (HAM) projects, which are at different stages of under-construction and pre-construction. The company has already invested (in the form of equity and sub-debt) an amount of ₹453.72 crore in 14 operational projects, while ₹12.57 crore is yet to be invested in these projects. Similarly Dilip Buildcon has invested ₹221.91 crore in four under-construction projects and ₹95.96 crore is yet to be invested in these projects. An amount of ₹6.36 crore in six HAM projects has been invested while ₹733.08 crore is yet to be invested in these projects, it said in a statement to the exchanges. As against the total investment (already invested by the company) of ₹681.99 crore, it expects to receive ₹1,600 crore through the transaction, the company said. Shares of Dilip Buildcon, after hitting an all-time high of ₹612, closed at ₹592.90, a jump of 2.8 per cent over the previous day’s close on the NSE.