The Board of Directors of the Company received an intimation from Ceigall Infra Projects Private Limited today, the 9th May 2025, with respect to the in-principle approval from Ceigall ....
Awaiting price reaction for this filing.
The Board of C & C Constructions Ltd received an intimation from Ceigall Infra Projects Private Limited regarding an in-principle approval from its holding company Ceigall India Limited to explore an investment, including a possible merger with C & C Constructions. The proposed transaction would be pursued as a going concern under the IBBI Liquidation Process Regulations, 2016 and Section 60(5) of the Insolvency and Bankruptcy Code, 2016, indicating C & C is undergoing insolvency/liquidation proceedings. Final approval from Ceigall India is still pending and will depend on evaluation of strategic and commercial benefits after receiving required information.
This is an early-stage, exploratory proposal and not a confirmed deal. For shareholders, it signals a potential resolution path for the stressed/under-liquidation listed company, but no concrete terms, valuation, or timeline have been disclosed yet. The stock may see speculative interest, but investors should wait for final approval and clearer deal terms before taking positions.