Question : DISINVESTMENT OF NBCC



(a) whether the NBCC (National Building Construction Company) is in the process of being disinvested;

(b) if so, the details thereof;

(c) whether final bidder has been finalised; and

(d) if so, the percentage of equity being offered?

Answer given by the minister

MINISTER OF STATE IN THE MINISTRY OF COMMUNICATIONS AND INFORMATION TECHNOLOGY (SHRI SU. THIRUNAVUKKARASAR)

(a) Yes, Sir.

(b) The Government has decided to disinvest 74% of the equity in National Building Construction Company (NBCC) through Strategic Sale alongwith transfer of management control. Expressions of Interest from interested parties have been invited through an open advertisement.

(c) No, Sir.

(d) Expressions of Interest have been invited for 74% of the equity in NBCC Ltd.