JSA acted as legal advisor to Nisus Finance Services Company Limited (“Nisus”) in its acquisition of a majority stake in New Consolidated Construction Company Limited (NCCCL) through its subsidiary, Nisus Finance Projects LLP. The transaction was executed as an all-cash, management-led buyout. As part of the transaction, NCCCL’s Managing Director & CEO, Mahesh Mudda, has been appointed as promoter, with the existing leadership team continuing in place.
This strategic acquisition strengthens Nisus Finance’s infrastructure financing platform, enhances its execution capabilities through NCCCL’s legacy strength in the construction sector, and positions it to capture infrastructure-led growth opportunities.
Founded in 1946 and headquartered in Mumbai, NCCCL is one of India’s oldest and most respected EPC companies. With over 500 completed projects covering more than 200 million sq. ft., and an order book exceeding ₹2,600 crore, its portfolio spans residential, commercial, hospitals, pharma plants, IT parks, industrial facilities, retail, and data centers. Its clientele includes leading developers such as Prestige Group, L&T, Phoenix Mills, and Bagmane.
Nisus Finance Services, promoted by Amit Goenka and Mridula Goenka, focuses on urban infrastructure financing and capital markets across multiple entities, including Nisus Finance Projects LLP.
As part of the transaction, JSA provided comprehensive legal support, including conducting due diligence on NCCCL, drafting, negotiating, and finalizing transaction documents, and assisting with closing actions.
The transaction was led by Partner Siddharth Mody, with support from the Mergers & Acquisitions and Diligence teams comprising Partner Anurag Shrivastav, Senior Associate Tanmayee Sahoo, and Associates Vidushi Jain, Gavin Pereira, Prakhar Jain, and Ayush Chaturvedi.
Anurag is part of the Corporate practice group of JSA, with more than 12 years of post-qualification experience. He specializes in M&A, private equity transactions and general corporate advisory.