Merger17 Apr 2026, 11:13 am
NBCC gets DIPAM 'No Objection' for HSCC subsidiary merger
AI Summary
NBCC (India) Ltd announced that the Department of Investment and Public Asset Management (DIPAM), Ministry of Finance, Government of India, has granted its 'No Objection' for the merger of HSCC (India) Limited, a wholly-owned subsidiary, with NBCC (India) Limited (the Holding Company). This approval was communicated via an Office Memorandum dated April 16, 2026. The merger is in compliance with existing guidelines and marks a significant step in the corporate restructuring process for NBCC. This move could streamline operations and consolidate assets within the parent company.
Key Highlights
- DIPAM approved the merger of HSCC with NBCC.
- HSCC (India) Limited is a wholly-owned subsidiary.
- Merger aligns with government guidelines.
- This streamlines NBCC's corporate structure.