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Govt to sell 15% in NBCC; targets Rs 2,200 crore

Floor price fixed a Rs 246.50 per shares; 90 mn shares to be sold

Press Trust of India  |  New Delhi 

The government will tomorrow sell 15 per cent stake in construction company NBCC (India) Ltd at a floor price of Rs 246.50 a share, which is expected to fetch around Rs 2,200 crore. The floor price fixed for the Offer of Sale was at a discount to NBCC's today's closing price of Rs 253 on the BSE. As much as 9 crore shares will be sold over two days, with institutional investors getting to bid on the first day tomorrow and retail investors getting a chance on Friday. "20 per cent of the offer size shall be reserved for retail investors subject to the receipt of valid ...

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Govt to sell 15% in NBCC; targets Rs 2,200 crore

Floor price fixed a Rs 246.50 per shares; 90 mn shares to be sold

Floor price fixed a Rs 246.50 per shares; 90 mn shares to be sold The government will tomorrow sell 15 per cent stake in construction company NBCC (India) Ltd at a floor price of Rs 246.50 a share, which is expected to fetch around Rs 2,200 crore. The floor price fixed for the Offer of Sale was at a discount to NBCC's today's closing price of Rs 253 on the BSE. As much as 9 crore shares will be sold over two days, with institutional investors getting to bid on the first day tomorrow and retail investors getting a chance on Friday. "20 per cent of the offer size shall be reserved for retail investors subject to the receipt of valid ... image
Business Standard
177 22

Govt to sell 15% in NBCC; targets Rs 2,200 crore

Floor price fixed a Rs 246.50 per shares; 90 mn shares to be sold

The government will tomorrow sell 15 per cent stake in construction company NBCC (India) Ltd at a floor price of Rs 246.50 a share, which is expected to fetch around Rs 2,200 crore. The floor price fixed for the Offer of Sale was at a discount to NBCC's today's closing price of Rs 253 on the BSE. As much as 9 crore shares will be sold over two days, with institutional investors getting to bid on the first day tomorrow and retail investors getting a chance on Friday. "20 per cent of the offer size shall be reserved for retail investors subject to the receipt of valid ...

image
Business Standard
177 22