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KEC International to acquire stake of KEC International Malaysia

14 Feb 2020 Evaluate

KEC International has entered into Share Purchase Agreement with its wholly owned subsidiary -- KEC Global Mauritius (KEC Global) to acquire 100% shares of step down subsidiary KEC International (Malaysia) Sdn. Bhd. a subsidiary of KEC Global. This acquisition of shares will make KEC International (Malaysia) Sdn. Bhd. a direct subsidiary of the Company.  

KEC International is a global infrastructure EPC major. It has presence in power transmission and distribution, cables, railways, water, renewables and civil.

Peers
Company Name CMP
Larsen & Toubro 3699.10
Kalpataru Projects 1393.45
NCC 125.10
Rail Vikas Nigam 190.50
KEC International 369.70
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