CHENNAI, MAY 10, 2025 – Consolidated Construction Consortium Limited (NSE: CCCL) has entered into a Share Purchase Agreement with DPF Textiles Private Limited, Coimbatore, for the transfer of its entire stake in its wholly owned subsidiary, CCCL Infrastructure Limited.
Key Deal Highlights
| Particulars | Details |
|---|---|
| Date of Agreement | May 9, 2025 |
| Type of Announcement | New – Share Purchase/Sale Agreement |
| Parties Involved | CCCL (Seller), DPF Textiles Pvt Ltd (Buyer) |
| Nature of Transaction | Transfer of shares (not in ordinary course of business) |
| Target Entity | CCCL Infrastructure Limited |
| Shares Transferred | 2,29,10,006 equity shares |
| Total Deal Value | ₹225 Crore |
| Price per Share | ₹98.21 |
| Class of Shares | Equity |
| Change in Control or Management | None |
| Board Approval Involved | No (not an outcome of board meeting) |
| Restrictions or Liabilities on CCCL | Nil |
About the Agreement
The transaction involves the sale of 2.29 crore shares of CCCL Infrastructure Ltd by CCCL to DPF Textiles Pvt Ltd. Despite the significant monetary value, the company clarified that this transaction is not considered a material subsidiary divestment and will not impact the control or management of the listed entity.The sale is categorized as not in the ordinary course of business, and CCCL stated explicitly that no special rights or restrictions are imposed on the company as part of the agreement.