Merger9 Oct 2026, 04:54 pm
NBCC India: MCA Approves Merger Scheme with HSCC India
AI Summary
NBCC (India) Limited has received an order from the Ministry of Corporate Affairs (MCA) approving the Scheme of Arrangement for Merger between HSCC (India) Limited and NBCC (India) Limited. This approval follows the first motion application filed under Sections 230-232 of the Companies Act, 2013. The scheme was previously approved by the respective Boards of Directors of both companies. The MCA's order, dated October 9, 2026, signifies a key step towards the amalgamation of HSCC India into NBCC India.
Key Highlights
- MCA approves the merger scheme between HSCC India and NBCC India.
- The approval is based on the first motion application under the Companies Act, 2013.
- Both companies' Boards of Directors had previously sanctioned the scheme.
- This marks a significant step in the amalgamation process.
- The order was issued by the Ministry of Corporate Affairs on October 9, 2026.
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