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Blackstone arms trim stake in NCC to 6.99%

26 Aug 2016 Evaluate

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.

 

NCC Share Price

155.80 0.85 (0.55%)
19-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 4209.60
Rail Vikas Nigam 244.10
NCC 155.80
KEC International 541.65
Kalpataru Projects 1398.00
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