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NBCC gains on offering Rs 20 crore to operational creditors

NBCC (India) is currently trading at Rs. 54.35, up by 0.35 points or 0.65% from its previous closing of Rs. 54.00 on the BSE.

The scrip opened at Rs. 54.00 and has touched a high and low of Rs. 54.45 and Rs. 53.05 respectively. So far 225849 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 104.40 on 09-May-2018 and a 52 week low of Rs. 46.55 on 11-Dec-2018.

Last one week high and low of the scrip stood at Rs. 59.50 and Rs. 53.05 respectively. The current market cap of the company is Rs. 9765.00 crore.

The promoters holding in the company stood at 68.18%, while Institutions and Non-Institutions held 17.30% and 14.52% respectively.

Seeking multiple concessions for acquiring bankrupt realty firm Jaypee Infratech, NBCC has offered to pay Rs 20 crore against over Rs 9,712-crore dues of operational creditors, including the income tax department and Yamuna Expressway development authority YEIDA.

A Committee of Creditors (CoC) is scheduled to meet on May 9, 2019 to discuss the revised offer of NBCC after creditors, including bankers and home buyers, rejected the offer of Mumbai-based Suraksha Realty.

NBCC (India) is one of the few public sector companies engaged in the business of project management consultancy services for civil construction projects (PMC), civil infrastructure for power sector and real estate development.

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