NBCC (India) moves up on emerging as highest bidder to buy commercial tower in New Delhi
NBCC (India) is currently trading at Rs. 93.51, up by 0.42 points or 0.45% from its previous closing of Rs. 93.09 on the BSE.
The scrip opened at Rs. 93.30 and has touched a high and low of Rs. 94.20 and Rs. 92.69 respectively. So far 703273 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 130.60 on 09-Jun-2025 and a 52 week low of Rs. 77.17 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 94.20 and Rs. 85.74 respectively. The current market cap of the company is Rs. 25317.90 crore.
The promoters holding in the company stood at 61.75%, while Institutions and Non-Institutions held 15.73% and 22.52% respectively.
NBCC (India) has emerged as the Highest Bidder in the e-auction process for purchase of a commercial tower admeasuring around 279,989 sq. ft. (super built-up area) at Bharat Business Park, Sarojini Nagar, New Delhi, for the purposes of self-use, leasing and/or investment.
The total estimated investment towards the proposed purchase would be around Rs 1,374.45 crore (including duties and taxes), payable in stages on construction-linked basis, in accordance with the progress of construction and subject to the terms and conditions of the e-auction. The acquisition is subject to completion of necessary formalities and execution of definitive agreements.
The Board of Directors of the company approved the proposal for participation in an e-auction process.
