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2h ago

NBCC Sells 609 Greater Noida Units for Rs 1,069 Crore in E-Auction

The state-run builder said it will only book a 1% marketing fee from the transaction, describing the auction as part of routine operations.

In Wednesday’s trade, NBCC shares were down 1.13 per cent at Rs 113.65 on the BSE. The stock remains 60.48 per cent above its 52-week low of Rs 70.82, though it is 12.98 per cent off its 52-week high of Rs 130.60.
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Overview

  • Units came from Aspire Leisure Valley Package-2 (Towers 1 and 2) and Aspire Centurian Park (Tower 10 and Iconic floors from the 36th upward), according to the exchange filing.
  • NBCC emphasized that the headline sale value will not flow through as full operational revenue, with its direct income limited to the marketing fee.
  • The stock traded modestly lower intraday as it turned ex-dividend, with a record date of Nov. 19 for a second interim payout of Rs 0.21 per share.
  • Two days earlier, NBCC disclosed a Rs 498.30-crore order from Damodar Valley Corporation to develop an integrated township at Chandrapura Thermal Power Station in Jharkhand.
  • AU Real Estate said it has secured selling rights for the two Aspire projects and outlined a combined transaction covering 609 units worth about Rs 1,069 crore.