DIPAM Grants 'No Objection' for Merger of HSCC (India) Limited with NBCC (India) Ltd
NBCC (India) Limited has announced that the Department of Investment and Public Asset Management (DIPAM), Ministry of Finance, Government of India, has granted its 'No Objection' regarding the merger of HSCC (India) Limited. The approval marks a key step toward consolidating the wholly owned subsidiary with the holding company, NBCC (India) Limited.According to the details provided, the Department of Investment and Public Asset Management (DIPAM) conveyed its 'No Objection' via an Office Memorandum dated April 16, 2026.
The approval concerns the merger of HSCC (India) Limited, which is a wholly owned subsidiary, with NBCC (India) Limited, which acts as the holding company. The merger is noted as being in compliance with existing guidelines.
The development signals a significant corporate action for NBCC (India) Limited, providing the necessary governmental clearance to proceed with the integration of the subsidiary.
NBCC Stock Price Movement
Shares of NBCC (India) Limited are gaining momentum, trading up 0.53% to ₹93.54 as of 11:17 AM today. The stock is seeing high intraday interest, supported by a substantial total traded volume of 4.77 million shares.Source:
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