Acquisitions24 Apr 2026, 08:23 pm
Darjeeling Ind. subsidiary to acquire 51% stake in SJ Construction
AI Summary
Darjeeling Industriies Ltd's subsidiary, Novva Defence Iinds Limited, has signed a Memorandum of Understanding (MoU) to acquire a 51% ownership stake in SJ Construction, a partnership firm. SJ Construction specializes in pipeline infrastructure for gas, petroleum, and aviation fuel. This strategic acquisition is part of Darjeeling Industriies' expansion strategy, aiming to open new market opportunities, leverage SJ Construction's expertise, and diversify its business portfolio. The consideration for the acquisition will be mutually determined by the parties involved.
Key Highlights
- Darjeeling Industriies' subsidiary Novva Defence Iinds to acquire 51% of SJ Construction.
- SJ Construction specializes in pipeline infrastructure for gas, petroleum, and aviation fuel.
- Acquisition aims to expand business, access new markets, and diversify the portfolio.
- The consideration for the acquisition will be mutually determined later.