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KEC International acquires 100% stake in step-down subsidiary

17 Mar 2020 Evaluate

KEC International has completed the acquisition of 100% shareholding of its step-down subsidiary KEC International (Malaysia) Sdn. Bhd. from KEC Global Mauritius, a wholly owned subsidiary of the company. The said acquisition of shares has made 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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