PSU NEWS
Acquisition of NPCC by WAPCOS Completed
New Delhi: The process of acquisition of National Projects Construction Corporation Limited (NPCC Ltd) by WAPCOS was completed by transfer of 98.89% shareholding of President of India and his nominees in NPCC Ltd on 26th April 2019 by transfer of 6,34,821 Equity shares of Rs. 1000/- each in the name of WAPCOS Ltd.
The Share Transfer Form SH-4 was executed by Shri S.K. Garg, Director (PSU), Ministry of Water Resources, River Development & Ganga Rejuvenation on behalf of President of India and Transferee Shri Anupam Mishra, Director (Commercial and HRD) on behalf of WAPCOS Ltd.
Original Share Certificates of NPCC were handed over to Shri K. K. Kandwal, Company Secretary, WAPCOS Ltd. in a ceremony held at the Registered Office of NPCC LTD. at Raja House, 30-31, Nehru Place, New Delhi, in the presence of senior officers of NPCC.
WAPCOS had earlier deposited the purchase consideration in Government of India account on 29th March, 2019.
Read Also : Indigenous Technology Cruise Missile successfully flight-tested by DRDO
News Must Read
- CIL’s capex up 6.5% to highest Rs.19,840 Crores in FY 2024
- SCOPE presents SCOPE PREMIER LEAGUE
- MCL Ib Valley Washery commenced commercial operation
- HAL bags Rs 65,000 Cr tender by Defence Ministry
- PSBs' growth output superseded Private Lending firms
- Northern Coalfields Limited CMD inspects Amlohri Area
- SCOPE organizes Public Sector Day celebrations
- IOCL Final Dividend Announcement Expected at April 30 Board Meeting
- Steel Cutting Ceremony of Indian Navy held at HSL Vishakapatnam
- DIPAM declines PFC-REC debt resolution proposal for KSK Mahanadi project