In a strategic move aimed at bolstering operational scale and rejuvenating a distressed asset, Ceigall India has announced the merger of its wholly-owned subsidiary, Ceigall Infra Projects, with the publicly listed C&C Construction. The transaction, pending approval from the National Company Law Tribunal (NCLT), is structured to grant Ceigall India a controlling stake of up to 95% in the merged entity. Post-merger, the company plans to dilute this holding to 75% to comply with Securities and Exchange Board of India (SEBI) norms.