Hindustan Construction Company’s material subsidiary -- Steiner AG, Switzerland has entered into a Share Purchase Agreement with Demathieu Bard, a Company headquartered in France, for divestment of its entire equity interest in Steiner Construction SA, Switzerland, a step-down material subsidiary of the Company. Accordingly, Steiner Construction SA will cease to be a subsidiary of Steiner AG, Switzerland and the Company, on completion of sale/disposal.
Hindustan Construction Company is a leader in engineering and construction space. The company has established a vast presence and gained recognition in the sectors of Hydro Power, Water Solutions, Transportation and Nuclear Power.
