National Buildings Construction Corp seeks shareholders approval for a 5:1 stock-split, ahead of its proposed follow-on public offer.
The proposed offer would include sale of new shares and stake sale by the government.
The move is to make the share of NBCC more affordable and for wider participation of the public in the proposed FPO.
National Buildings also seeks shareholders' nod to change the name to NBCC (India) Ltd.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.