Ceigall India board approves C&C Construction merger to boost infra play

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Ceigall India board approves C&C Construction merger to boost infra play - Business Standard

Quick Summary:

Ceigall India, an infrastructure construction firm, in a statement said post the merger, Ceigall India will hold up to 95 per cent of the merged entity, with plans to reduce its stake to 75 per cent in line with Sebi regulations.

Ceigall India on Monday said its board has approved the merger of wholly-owned subsidiary Ceigall Infra Projects with publicly listed C&C Construction to enhance business efficiency.

The proposed merger, subject to approval by the National Company Law Tribunal (NCLT), aims to revive C&C Construction, which was earlier under liquidation.