Blackstone GPV Capital Partners (Mauritius) V-A and Blackstone FP Capital Partners (Mauritius) V FII have trimmed their stake in Hyderabad-based construction company NCC to 6.99 per cent from 10.24 per cent.
The Blackstone arms have brought down the shareholding in NCC by selling 3.25 per cent or 91.8 crore shares by way of open market sales. The Blackstone Group entities have been long-term investors in the company.
NCC is engaged in development of real estate. The company’s projects stand on credentials of its work in various sectors such as Housing, Transportation, Power, water, Metals and Oil and gas.
