Nisus Finance Services Acquires 67.97 Lakh Shares of New Consolidated Construction Company for INR 70 Cr

Nisus Finance Services Co Ltd has announced the acquisition of 67,97,196 equity shares of New Consolidated Construction Company Limited (NCCCL) by its subsidiary, Nisus Finance Projects LLP. The acquisition was made for a total consideration of INR 70 Cr, infused as growth capital into NCCCL. Post-acquisition, NCCCL has become a step-down subsidiary of Nisus Finance Services Co Limited. NCCCL is a premier civil construction company in India, founded in 1946, with a focus on real estate and industrial segments. The last three years' turnover of NCCCL is as follows: 2021-22 - INR 64,804.83 Lakhs, 2022-23 - INR 58,734.04 Lakhs, and 2023-24 - INR 57,097.68 Lakhs (provisional).