NCC Infrastructure Holdings which is subsidiary of NCC Ltd, has entered into a share-sale agreement with Sembcorp Utilities Pvt Ltd for selling a part of the stake in Sembcorp Gayatri Power for Rs 301.26 crore.
NCC has said in a BSE filing that “The present transaction involves sale of 21,60,94,909 shares of Rs 10 each held by NCC Infrastructure Holdings for gross consideration of Rs 301.26 crore (including interest).”
It also said that the company will receive net amount of Rs 77.04 crore after adjustment of the additional mobilisation advance received from SGPL for execution of the project.
