◂ Announcements

Apr 3, 2017ACQUISITIONIndia

NBCC acquires 51% stake in Hindustan Steelworks Construction

Competition Commission of India approved NBCC's takeover of Hindustan Steelworks Construction Ltd (HSCL). NBCC acquired 51% of HSCL's post-issue share capital, making HSCL a subsidiary.

Status

Completed

Productsconstruction servicessteel plant constructioninfrastructuremining

CompaniesNBCC India acquirer Hindustan Steelworks Construction target

Sectors#Steel and Metal Products #Construction Materials

“CCI has approved the proposal of state-owned construction firm NBCC India Ltd to acquire Hindustan Steelworks Construction Ltd (HSCL).”india.com

1 source
india.comCCI okays NBCC’s takeover of Hindustan Steelworks Construction | India.comApr 3, 2017

Summarized from public sources; check the original articles before acting on it.

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