CCEA approves disinvestment of 15 percent of NBCC

Q.  Government has permitted disinvestment of 15 percent paid up equity of National Buildings Construction Corporation Ltd. What percent of shareholding does it own in NBCC?
- Published on 15 Jul 16

a. 90 percent
b. 95 percent
c. 80 percent
d. 85 percent

ANSWER: 90 percent
 
Government expects to earn INR 56,000 crore through the sale of its stake in PSUs this financial year. This will result in estimated receipts of INR 1706 crore to the government.
  • Actual realisation amount will be based on market conditions and investor interest prevailing at the time of actual disinvestment.
  • To create a belongingness among employees of NBCC, the decision has been made to allot additional shares to eligible and willing employees at discount of 5 percent to the issue/discovered (lowest cut off) price of the offer for sale.
  • Government expects to earn INR 56,000 crore through the sale of its stake in PSUs this financial year.
  • Around INR 36,000 crore of this comes from minority stake sales and the remaining INR 20,000 crore from strategic stake sales.

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