NBCC strengthens on submitting revised bid to acquire Jaypee Infratech

Mumbai : NBCC (India) is currently trading at Rs. 60.10, up by 0.55 points or 0.92% from its previous closing of Rs. 59.55 on the BSE. The scrip opened at Rs. 59.65 and has touched a high and low of Rs. 60.55 and Rs. 59.50 respectively. So far 109920 shares were traded on the counter. The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 109.25 on 25-Apr-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. 61.75 and Rs. 58.85 respectively. The current market cap of the company is Rs. 10836.00 crore. The promoters holding in the company stood at 68.18%, while Institutions and Non-Institutions held 17.30% and 14.52% respectively. NBCC (India) has submitted its revised bid to acquire debt-ridden Jaypee Infratech and complete over 20,000 delayed apartments in Noida.

NBCC and Suraksha group, which are in the race to acquire the Jaypee Group firm, were asked to sweeten their offers by the lenders. Suraksha had earlier submitted its revised bid. However, details of the revised offers by NBCC and Suraksha were not immediately available. 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.