Pursuant to Regulation 30 read with Para A of Schedule III of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015, this is to inform ....
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Nisus Finance Services, through its subsidiary Nisus Finance Projects LLP, is acquiring a 69% equity stake in New Consolidated Construction Company Limited (NCCCL), a 75+ year old Mumbai-based civil construction firm. NCCCL reported turnover of around Rs 580 crore in FY24 and has a strong order book of Rs 2,700 crore as of March 2025 (roughly 4.4x FY25 revenue), with clients including L&T, Lodha, Birla, Prestige, and Phoenix. The transaction is a cash deal, expected to close in Q2 FY2026, and will be funded through internal accruals and external debt, not IPO proceeds. Post-acquisition shareholding will be 69% Nisus, 26% NCCCL management, and 5% existing promoters, with Mr. Mahesh Mudda (NCCCL's MD & CEO) set to become its Promoter as part of a management-led buyout.
This is a major strategic shift for Nisus, moving it from a pure financial services model into capital-intensive construction/EPC execution. It could be seen positively as creating a growth platform with synergy potential, but it also brings lower-margin, working-capital-heavy business to the listed entity, which may draw mixed reactions from investors initially.