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Punj Lloyd plans to offer A$38 mn for Macmahon's construction businesses: reports

India Infoline News Service | Mumbai | January 10, 2013 09:27 IST

According to reports, Punj Lloyd unit Sembawang Australia would offer A$38 mn ($40 million) for Macmahon's construction businesses, including its rail business.

Punj Lloyd Ltd has increased its offer for the construction business of Macmahon Holdings Ltd, report says.

According to reports, Punj Lloyd unit Sembawang Australia would offer A$38 mn ($40 million) for Macmahon's construction businesses, including its rail business.

Macmahon said that its board was considering the proposal.

Earlier Macmahon reported that it planned to exit construction and announced a deal to transfer the majority of its construction assets to Leighton.

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