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Sunday, February 12, 2012

State-run National Building Construction Corporation (NBCC) has said it will dilute 10 per cent stake through an Initial Public Offer. The company has filed the Draft Red Herring Prospectus (DRHP) with SEBI.

The offer comprises a net offer of 11,880,000 equity shares and includes a reservation of 1,20,000 equity shares for subscription by the eligible employees. NBCC has appointed IDBI Capital Market Services Ltd. and Enam Securities Pvt. Ltd. as the Book Running Lead Managers. The company currently functions under the Ministry of Urban Development and is the largest public sector construction company in India

Stay tuned for more on NBCC IPO!


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