NBCC India approves merger of wholly-owned subsidiary HSCC

NBCC (India) Limited has approved a Scheme of Arrangement for the merger of its wholly-owned subsidiary, HSCC (India) Limited, with itself. The merger, effective from April 01, 2026, will be carried out under Sections 230-232 of the Companies Act, 2013. As HSCC is a wholly-owned subsidiary, no new shares will be issued by NBCC, and the existing holding in HSCC will be cancelled. The Department of Investment and Public Asset Management (DIPAM) has already conveyed its 'No Objection' for this merger. This move aims to streamline operations and consolidate business activities.