Banks pitch for NBCC Rp22bn stake sale

infrastructure 230-150x
By Jonathan Breen
17 Aug 2016

A group of Indian and international banks have signed up to manage the government’s sell-down of NBCC India, which is set to be worth around Rp22bn ($328.5m), a source familiar with the matter said this week.

Eight banks have bid for the top role: Axis Capital, Citi, Edelweiss Financial Services, IDBI, ICICI Securities, Kotak Mahindra Capital, Nomura and SBI Capital Markets.

The Department of Investment and Public Asset Management (DIPAM) will shortlist firms during the week starting August 22, said the source. The Indian ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial