M&A
EPC-focused Ceigall India unit to merge with C&C Construction
Ludhiana-based, publicly listed infrastructure construction firm Ceigall India 's board has approved the merger of its wholly-owned subsidiary Ceigall Infra Projects with fellow publicly listed, Gurugram-based C&C Construction to enhance business efficiency.Ceigall India will hold 95% of the merged entity and will reduce its stake to 75% in line with Sebi norms.The proposed merger aims to revive C&C Construction, which was earlier under liquidation and to integrate its capabilities in transmission, distribution, railways, bridges, and building construction into Ceigall's infrastructure portfolio.Incorporated in 2021, Ceigall Infra has a turnover of about INR 115 crore and a net worth of INR 64 crore.
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