Image Source: The Print
Nisus Finance Projects LLP, a subsidiary of Nisus Finance Services Co Limited (NiFCO), has announced plans to acquire a 69% equity stake in New Consolidated Construction Company Limited (NCCCL), one of India’s most established building construction firms with a legacy spanning over 75 years and a portfolio of more than 300 completed projects covering 200 million sq. ft.
Strategic Acquisition:
The deal positions Nisus Finance to leverage NCCCL’s technical expertise and project execution track record, aiming to create a robust platform for growth in India’s booming construction and infrastructure sector. The acquisition will be executed in one or more tranches at a mutually agreed pre-money enterprise valuation, which remains confidential at this stage.
Ownership Structure:
Nisus Finance Projects LLP, the acquiring entity, is 76% owned by NiFCO and 24% by Amit Goenka, the company’s promoter. The transaction is not classified as a related party transaction under regulatory norms.
Management-Led Buyout:
The acquisition is structured as a management-led buyout designed to drive accelerated growth, unlock capital synergies, and position NCCCL as a strategic, well-capitalized, and reliable construction partner in the market.
Timeline:
Subject to the fulfillment of all conditions precedent, the transaction is expected to close by the second quarter of FY 2025–26.
Growth Ambitions:
This move follows NiFCO’s recent expansion into international markets, including the GCC region, and its strong financial performance in FY25, where it reported a 56% growth in total income and robust operational metrics.
Industry Impact:
The acquisition underscores a broader trend of consolidation and professionalization in India’s real estate and construction industry, with institutional capital and experienced management teams driving sector transformation.
This strategic move by Nisus Finance is poised to reshape the competitive landscape in Indian construction, signaling increased investor confidence and a focus on scalable, high-quality infrastructure development.
Source: Business Standard Corporate Filings, BSE Announcements, Company Press Releases.
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