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.
| Company Name | CMP |
|---|---|
| Tata Steel | 208.95 |
| JSW Steel | 1250.70 |
| SAIL | 176.80 |
| Jindal Stainless | 773.15 |
| APL Apollo Tubes | 2003.50 |
| View more.. | |
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