Multiple choice

Which Indian construction company acquired Swiss firm Karl Steiner in 2010?

  1. Gammon India

  2. Jaiprakash Associates

  3. Hindustan Construction Company

  4. Reliance Infrastructure

  5. Unitech Ltd.

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Mumbai-based Ajit Gulabchand promoted Hindustan Construction Company (HCC) acquire a 66 percent stake in Karl Steiner AG (KSAG), a services contractor in the Swiss real estate market, for Swiss Franc 35 million (Rs. 150 crore). KSAG is a 95-year-old private company that specialises in turnkey development of new buildings and refurbishments, and offers services in all facets of real estate construction.