NBCC (India) Ltd.

National Buildings Construction Corporation (NBCC) has received its board approval for sale of 10 per cent stake through public offer that will help the company raise over Rs 900 crore to fund business expansion. The stake sale would be subject to the approval of the government, which holds 90 per cent equity in the National Buildings Construction Corporation.

NBCC was listed on the bourses in 2012 when the government diluted of 10 per cent stake to raise Rs 127 crore. The price band of the NBCC initial public offering had been fixed at Rs 90-106 per share.

NBCC 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.