JV/AcquisitionAcquisition
C&C Constructions is investing ₹0.01 Cr to establish Ceigall Transmission and Distribution Limited (CTDL) as a wholly-owned subsidiary, signaling its strategic entry into the Power Transmission & Distribution industry.
C & C Constructions LimitedCANDC · Filed with the exchange
This development occurs as C&C navigates its own significant transition, having been acquired as a going concern by R K Constructions for ₹104 Cr in December 2024 following liquidation proceedings.
The new management faces operational uncertainties due to limited access to historical data, with critical financial and accounting matters pending adjudication by NCLT.
Investors should monitor this evolving situation.
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