KEC International's board has approved the merger of its wholly-owned subsidiary, KEC Spur Infrastructure, into itself.

This move aims to streamline operations, create synergies, and leverage KEC's strengths for combined business growth.

Since KEC Spur is a wholly-owned subsidiary, there is no share exchange or consideration involved; KEC Spur shares will be cancelled.

Crucially, this merger will not change KEC International's shareholding pattern, meaning no dilution for existing investors.

The merger awaits approval from the National Company Law Tribunal.