The Government's 15 % stake sale in state-owned construction company NBCC at a floor price of Rs 246.50 begun early Thursday Oct 20,2016
The stake sale is expected to fetch around Rs 2,200 crore to the exchequer.
Over 50 % of the shares reserved for institutional investors getting subscribed in the first hour of trade.
As much as 9 crore shares will be sold over two days, with institutional investors getting to bid on the first day and retail ones getting a chance tomorrow.
The Centre had earlier in July cleared a proposal to sell its stake NBCC India with an aim to meet the ambitious Rs 56,500-crore PSU Disinvestment Target in 2016-17.
At present, the Government holds 90 percent in the company.
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