Indian capital market will see one more divestment issue before the current financial year (2011-12) comes to an end. The government has decided to go ahead with its decision of divesting a 10% stake in NBCC (National Buildings Construction Corporation) in the second half of March, 2012.
additional divestment secretary Mr. Sidhartha Pradhan, said, the IPO ( initial public offer ) of NBCC will open on March 22 and close on March 25, 2012 The empowered group of ministers (EgoM) will meet on March 19 to decide the price band for the issue.''
The government owned entity, which is engaged in project management consultancy services for civil construction projects along with interests in power & real estate sectors, filed the draft red herring prospectus with the SEBI (Securities and Exchange Board of India) in February, 2012. It intends to offer 1.2 crore equity shares and has appointed IDBI Capital Market and Enam Securities as the book running lead managers.
additional divestment secretary Mr. Sidhartha Pradhan, said, the IPO ( initial public offer ) of NBCC will open on March 22 and close on March 25, 2012 The empowered group of ministers (EgoM) will meet on March 19 to decide the price band for the issue.''
The government owned entity, which is engaged in project management consultancy services for civil construction projects along with interests in power & real estate sectors, filed the draft red herring prospectus with the SEBI (Securities and Exchange Board of India) in February, 2012. It intends to offer 1.2 crore equity shares and has appointed IDBI Capital Market and Enam Securities as the book running lead managers.
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