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Why NBCC Lost 80% Of Its Market Value In Two Years
Why NBCC, a Navratna, has eroded 80 percent in investor wealth in two years...
09 Sep 2019, 03:33 PM IST
Shares of NBCC Ltd. tumbled earlier this year after the Supreme Court ordered the state-run developer to finish the stalled projects of insolvent Amrapali Group.Investors were worried that the court’s decision would exhaust the construction company’s cash. That forced the firm to clarify that it will not invest any money of its own and the Rs 8,500 crore, including 8 percent project management consultancy margin, will be arranged by ...
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