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KEC International plans to acquire controlling stake in Jyoti Structures: Report

27 Sep 2016 Evaluate

KEC International is reportedly planning to acquire a controlling stake in Jyoti Structures, which defaulted on Rs 2,000 crore of bank loans, as its deal with Dubai-based Amin Group is progressing at a slow pace. Lenders may now look at a second option if the deal with Amin falls through.

KEC International is a global infrastructure Engineering, Procurement and Construction (EPC) major. It has presence in the verticals of Power Transmission and Distribution, Cables, Railways, Water and Renewables.

 

Peers
Company Name CMP
Larsen & Toubro 3842.10
Kalpataru Projects 1357.95
NCC 118.20
Rail Vikas Nigam 186.10
KEC International 344.05
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