Chinese company AVIC will acquire a 38.9% stake while ICDC will get 3.1% stake.
Centum is now left with a 58% stake in the venture.
Contractor buying a stake in a project he has been contracted to undertake;that's a new one.
I wonder whether there will pump any money or they will bill the works done so far and then convert that to equity instead of Centum paying the money.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle