Nisus Finance Services Co Limited has seen a significant release of pledged shares by its promoter, Amit Goenka. This corporate action has resulted in a substantial reduction of Goenka's pledged shareholding in the company.

Pledge Release Details

Amit Goenka, a promoter of Nisus Finance Services Co Limited, has released the pledge on 47,00,000 equity shares held by him in the company. These shares were previously pledged in favor of Catalyst Trusteeship Limited.

Impact on Shareholding

Following this release, Goenka's outstanding pledged shares now constitute 18.85% of the company's total share capital. This represents a significant reduction in his pledged stake.

Promoter's Shareholding

Amit Goenka holds a total of 1,74,92,398 shares, representing 73.26% of the company's total share capital.

Company Overview

Nisus Finance Services Co Limited is listed on BSE Limited.

Significance

This pledge release marks a significant change in the security structure of Nisus Finance's shares, potentially impacting the company's shareholding pattern and financial arrangements. The reduction in pledged shares by the promoter could be seen as a positive sign, indicating improved financial flexibility for the promoter and potentially reduced risk for the company.

Nisus Finance Services Co Limited (BSE: NISUS | 544296 | INE0DQN01013) has made a strategic move in the urban infrastructure sector by acquiring a majority stake in New Consolidated Construction Company Ltd (NCCCL) through a management-led buyout. The transaction, valued at ₹70.00 crores, aims to bolster NCCCL's financial position and capitalize on emerging infrastructure opportunities in India.

Transaction Details

• Nisus Finance, through its subsidiary Nisus Finance Projects LLP, has acquired a majority stake in NCCCL.
• The deal involves an all-cash, management-led buyout.
• Nisus has infused ₹70.00 crores as primary growth capital into NCCCL.

Strategic Rationale

The acquisition aligns with Nisus Finance's strategy to scale and consolidate India's infrastructure ecosystem. Key benefits include:

1. Strengthened Urban Infrastructure Platform: Integrates Nisus' capital strength with NCCCL's eight-decade legacy in construction.
2. Diversified Revenue Streams: Enables Nisus to participate in value creation through financing and capturing operating leverage in the construction value chain.
3. Enhanced Developer Relationships: Expands access to marquee developer clients and premium project pipelines.
4. Operational Upside: Leverages NCCCL's proven project delivery capabilities to unlock efficiencies and synergies.

Leadership Continuity

• Mr. Mahesh Mudda, MD & CEO of NCCCL, will assume the role of Promoter.
• The senior leadership team of NCCCL will remain intact, ensuring stability and execution excellence.

Growth Outlook

The transaction positions Nisus Finance to capitalize on India's infrastructure boom:

• Leverage sectoral tailwinds driven by urbanization, housing demand, smart cities, and new-age assets.
• Scale Assets Under Management (AUM) and enhance returns by combining financing expertise with direct execution exposure.
• Advance Nisus' vision of becoming a differentiated financial and operating partner in India's building infrastructure development.

Management Commentary

Amit Goenka, Chairman & Managing Director of Nisus Finance Services Co Limited, stated, "This acquisition unlocks a new growth chapter for Nisus. It represents a unique synergy between our vision for urban infrastructure and NCCCL's decades of execution excellence. We are positioned to capture significant operating leverage and drive scale, efficiency, and resilience in a sector supported by strong structural tailwinds."

Mahesh Mudda, MD & CEO of NCCCL, added, "As a professional-turned-Promoter, I'm investing not just my four decades of sectoral experience but also my conviction into taking NCCCL to the next orbit. With Nisus' capital strength and strategic foresight, we will institutionalize execution while staying rooted in our core values of trust and engineering excellence."

About NCCCL

This strategic acquisition marks a significant milestone for both Nisus Finance and NCCCL, positioning them to play a pivotal role in India's urban infrastructure development landscape.