Ceigall India Approves Merger to Boost Infrastructure Portfolio
Deal News | May 20, 2025 | EIN
Ceigall India Ltd has announced the board's approval for a strategic merger of its wholly owned subsidiary, Ceigall Infra Projects Pvt Ltd, with C&C Construction Ltd, which was previously under liquidation. The move, pending approval from the National Company Law Tribunal (NCLT), is expected to enhance Ceigall's infrastructure capabilities by integrating C&C Construction's competencies in transmission, distribution, railways, bridges, and building construction. This will lead to increased business efficiency and growth opportunities. Post-merger, Ceigall India plans to hold 95% of the merged entity but intends to dilute its stake to 75% following SEBI regulations. The transaction aims to bolster investor confidence and facilitate capital raising for HAM and BOT projects, without affecting its EPC business arm.
Sectors
- Infrastructure and Construction
- Finance and Investment
Geography
- India – Both Ceigall India Ltd and C&C Construction Ltd operate in India, making this geographical classification relevant.
Industry
- Infrastructure and Construction – The article involves companies operating within the infrastructure and construction sectors, focusing on EPC and Hybrid Annuity Model (HAM) projects.
- Finance and Investment – The merger aims to improve the equity raising capacity and enhance investor confidence, which is a key aspect in financing and investment sectors.
Financials
- 95% – Percentage of the merged entity that Ceigall India plans to hold post-merger.
- 75% – Ceigall India plans to reduce its stake in the merged entity to this percentage in compliance with SEBI regulations.
- Rs 115 crore – Turnover of Ceigall Infra Projects as of March 31, 2025.
- Rs 64 crore – Net worth of Ceigall Infra Projects as of March 31, 2025.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ceigall India Ltd | Parent Company | Company | An infrastructure company engaged in EPC and HAM projects, aiming to expand its capabilities through strategic mergers. |
| Ceigall Infra Projects Pvt Ltd | Target Company | Company | Subsidiary of Ceigall India, involved in the merger with C&C Construction. |
| C&C Construction Ltd | Target Company | Company | A publicly listed infrastructure company formerly under liquidation, being merged with Ceigall Infra. |
| National Company Law Tribunal (NCLT) | Regulatory Body | Government | The body that needs to approve the proposed merger. |