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Our Bureau

Hyderabad, Dec. 23 A V S R Holdings Pvt Ltd an Investment Company belonging to the promoters group of Nagarjuna Construction Company Ltd (NCC) has acquired 50,321 equity shares of Rs 2 each of the company from the market (NSE & BSE)

The purchases made during December 1-2 aggregate (equivalent to 0.022 per cent of the paid-up capital), the company has informed the BSE today.

With the aforesaid acquisition, the holding of the Promoters Group in the company has gone up to 24.37 per cent of the total equity.

In a press release, the infrastructure major has also clarified that it has no affiliation of any kind either in the past or at present with Nagarjuna Finance Ltd (NFL), which is in trouble, following the arrest of its Chairman, Mr K.S. Raju and Director, Mr P.K. Madhav recently.

NCC promoted a finance company in 1995 called NCC Finance Ltd which has repaid all the deposits taken and at present it has no deposits from the public. NCC Finance Ltd is a debt free company, it said.

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