Consolidated Construction Consortium Ltd (CCCL), a leading construction services company, has announced a preferential share allotment worth ₹50 crore. The company’s board of directors approved the issuance of up to 2,85,71,436 equity shares at ₹17.50 per share during its meeting on February 25, 2025. This issuance aligns with Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and is subject to shareholder approval.
The preferential allotment aims to strengthen CCCL’s financial position and operational flexibility to support medium-to-long-term growth. The move will also introduce Systematic Conscom Ltd. as a key investor, bringing additional strategic value to the business.
CCCL’s Chairman, R. Sarabeswar, emphasized the significance of this investment in the company’s turnaround efforts following past financial challenges due to contractual mismatches and market volatility. He highlighted that the fresh infusion of capital would mark a key milestone in CCCL’s business recovery and expansion plans.
CCCL has successfully completed over 900 projects across multiple sectors, including industrial, commercial, residential, and airport infrastructure. The company’s portfolio spans 21 states and union territories in India, with a total built-up area exceeding 120 million square feet.
Disclaimer
Certain statements in this press release contain forward-looking information, which may be subject to risks, uncertainties, and changes in market conditions. CCCL does not undertake any obligation to update these statements based on new developments or external factors. Investors are advised to conduct their due diligence before making any financial decisions.
