What to Watch. NBCC may build on stock split plans

Updated - January 20, 2018 at 05:55 AM.

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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.

Published on March 28, 2016 15:46