Disinvestment in NBCC approved -Governance Now

Disinvestment in NBCC approved

It is estimated to generate nearly Rs 1,706 crore

GN Bureau | July 15, 2016

#NBCC #disinvestment #ministry of urban development

The cabinet committee on economic affairs (CCEA) has approved the disinvestment of 15 percent paid-up equity of National Buildings Construction Corporation Limited (NBCC). The government at present has 90 percent shareholding in the company. The disinvestment is estimated to generate nearly Rs 1,706 crore to the government.

The CCEA has also decided to allot additional shares to the eligible and willing employees at a discount of 5 per cent to the issue price of the OFS.

The government holds 90 percent of the equity, which is 540 million shares. The balance 10 percent of the equity is held by the public.

The NBCC IPO (initial public offering) was launched in March 2012, when the government divested 10 percent paid-up equity capital of NBCC and got the company listed on the stock exchanges. It had earned Rs 124.97 crore as proceeds towards the share sale.

In the current fiscal, the government aims to collect Rs 56,500 crore through disinvestments in PSUs. This is 18.7 percent lower than Rs 69,500 crore, which it had targeted in the last budget. Of the total budgeted proceeds.

Rs 36,000 crore is estimated to come from minority stake sale in PSUs and the remaining Rs 20,500 crore is estimated to come from strategic sales.

NBCC is under the administrative control of the ministry of urban development. It operates in the field of construction, engineering and project management consultancy services.

Comments

Other News

El Niño threatens India’s Rabi crops

India’s southwest monsoon ended with a 13% rainfall deficit in 2026, its weakest performance in a decade, raising concerns over agricultural production, water security and the upcoming rabi season. With El Niño expected to persist into early 2027, experts warn that declining soil moisture, dep

Regulating the data advantage: India’s new e-Commerce framework

For over a decade, India’s e-commerce story has rested on a simple premise: platforms connect buyers and sellers, while data fuels efficiency, personalisation, and scale. However, as the market matured, its structure has revealed a growing imbalance. E-commerce platforms, especially marketplace ent

Changing weather patterns, climate change responsible for Nepal floods

The interaction between active Western Disturbances, increased atmospheric moisture and the region’s complex topography aswell as global warming are important factors behind intense rainfall in the Himalayas, leading to flash floods in Nepal, according to meteorologists. Nepal

A right she cannot reach

Last summer, the two of us spent several weeks in rural Madhya Pradesh with a non-profit that works on gender justice through women’s self-help groups. We went in with a notebook full of laws. The Protection of Women from Domestic Violence Act. The Dowry Prohibition Act. Free legal aid for every wo

Tier-2 cities lead India’s digital credit push

Digital payments have become a reflex for urban India, but the confidence earned in paying has not yet carried over to borrowing. That is the central finding of `How Urban India Pays Report 2026`, released by Pahlé India Foundation in collaboration with Amazon Pay. Based on a survey of 5,149 consu

India calls for doubling bilateral trade with UK by 2030

Commerce and industry minister Piyush Goyal has called upon businesses in India and the United Kingdom to translate the opportunities created by the India-UK Comprehensive Economic and Trade Agreement (CETA) into expanded trade, investment, partnerships and job creation. Addressing the Bu