 "NBCC")
State-owned construction and real estate company NBCC Ltd might buy four smaller public sector enterprises engaged in similar activities. This could be the first of many mergers and acquisitions by state-owned companies in 2017-18 as the Narendra Modi government looks at consolidation to shore up revenues from disinvestment.
The four smaller firms which NBCC, a listed ‘Navratna’ company with a market cap of Rs 16,980 crore as of Monday, could buy are Hindustan Prefab, Engineering Projects India Ltd, NPCC Ltd, and HSCC. The Centre owns a 75 per cent stake in NBCC and a 100 per cent stake in others.
The finance
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