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Kridhan Infra inks definitive SPA to acquire 36.6% stake in VNC

28 Oct 2017 Evaluate

Kridhan Infra has signed a definitive Share Purchase Agreement (SPA) with institutional and other investors of Vijay Nirman Company (VNC) to acquire a 36.60% stake in VNC. This acquisition strengthens the company’s India business by adding a strong execution team. Also, VNC business strongly complements Kridhan’s global EPC skill set.

Vijay Nirman Company is a pedigreed private construction company with over 35 years of operations. It has generated more than Rs 6,500 crore in revenues in last 10 years. The company has a current order book of Rs 2,500 crore to be executed over 18-24 months.

Kridhan Infra has evolved from a steel products manufacturer to a niche foundation engineering company.


Peers
Company Name CMP
JSW Steel 1255.00
Tata Steel 184.65
Steel Authority 181.60
Jindal Stainless 746.95
APL Apollo Tubes 2181.05
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