July 14, 2016 7:25 AM

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CCEA approves disinvestment of 15% paid-up equity in NBCL

The Cabinet Committee on Economic Affairs has approved disinvestment of 15 per cent paid-up equity in the National Building Construction Corporation Limited through the Offer for Sale route. Briefing media in New Delhi yesterday, Law Minister Ravi Shankar Prasad said, the government hopes to earn over one thousand seven hundred crore rupees from the disinvestment.<br/><br/>Besides, the Cabinet Committee has also approved transfer of shares by ITI Limited to Special National Investment Fund to meet requirement of Securities and Exchange Board of India's minimum public shareholding.

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