In the year 2000 Skanska AB, entered into an agreement with Kvaerner Plc, to acquire the entire issued share capital of Kvaerner Construction Group Limited. Pursuant to the transaction, the control of this Company changed from Kvaerner ASA to Skanska AB.
Pursuant to the requirements of SEBI Takeover Code Skanska AB made an offer to the public shareholders of this Company to acquire fully paid up equity shares of this Company. Subsequently the Company changed its name to Skanska Cementation India Limited and obtained Fresh Certificate of Incorporation on 11th July, 2001.
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