NBCC India announces Offer for Sale to Employees

In accordance with the approval given by Alternative Mechanism, the President of India, acting through the Ministry of Housing and Urban Affairs, Government of India ('GOI'), offers upto 67,50,000 equity shares of face value of Rs. 2/- each ('Equity Shares') to Eligible Employees of NBCC (India) Limited at a discounted price of Rs. 156.12 per Equity Share (i.e. after discount to the cut-off price discovered in the OFS and bonus issue adjustments).

In connection with the above, action has been initiated by the Company for sale of equity shares to the eligible employees by the GOI. The offer for sale shall remain open from 28.12.2017 (10:00 AM) to 05.01.2018 (05:00 PM).

Shares of NBCC (India) Ltd was last trading in BSE at Rs.259.35 as compared to the previous close of Rs. 254.35. The total number of shares traded during the day was 217425 in over 2142 trades.

The stock hit an intraday high of Rs. 265.8 and intraday low of 255.45. The net turnover during the day was Rs. 56887015.

Source : Equity Bulls

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