Acquisitions4 Jul 2025, 07:24 pm
Nisus Finance Services Co Ltd to Acquire 69% Stake in New Consolidated Construction Company Limited
AI Summary
Nisus Finance Services Co Ltd, through its subsidiary Nisus Finance Projects LLP, proposes to acquire a 69% equity stake in New Consolidated Construction Company Limited (NCCCL). NCCCL is one of India's premier building construction companies with a 75+ year track record and successful completion of 300+ projects covering 200 million sq. ft. The transaction is expected to be completed by the second quarter of F.Y. 2025-26 and will be a cash transaction. The acquisition is not a related party transaction.
Key Highlights
- Nisus Finance Services Co Ltd to acquire 69% equity stake in New Consolidated Construction Company Limited
- Transaction to be executed in phased tranches with a final shareholding structure of 69% Nisus, 26% NCCCL Management, and 5% Existing Promoters
- NCCCL is a premier civil construction company in India with a 75+ year track record
- Deal closure targeted for Q2 FY2026
- Acquisition aims to establish a robust platform aligned with India's surging demand for reliable, technically capable construction partners