HCC divests stake Steiner AG to focus on core operations in India
Hindustan Construction Company (HCC), in a statement, said this has allowed for SAG subsidiary Steiner Development AG (SDAG) to start afresh as a direct subsidiary of m3 Immobilier, with aspirations to launch a Swiss IPO, while also helping HCC realise earnout liquidity of up to Rs 205 crore from SDAG's future success.
Hindustan Construction Company (HCC), in a statement, said this has allowed for SAG subsidiary Steiner Development AG (SDAG) to start afresh as a direct subsidiary of m3 Immobilier, with aspirations to launch a Swiss IPO, while also helping HCC realise earnout liquidity of up to Rs 205 crore from SDAG's future success.
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