Shares of NBCC (India) Limited jumped 4% following the company’s announcement of a successful e-auction of residential units in Noida, Uttar Pradesh. As of 9:32 AM, the shares were trading 3.83% higher at Rs 115.33.
In an exchange filing, NBCC reported the sale of 446 residential units at Aspire Silicon City, Phase-IV, located in Sector 76, Noida. The total sale value stands at approximately ₹1,467.93 crore. The transaction was conducted through a transparent e-auction process.
As per the terms of engagement, NBCC will earn a marketing fee of 1% of the total sale value, amounting to nearly ₹14.68 crore.
The company stated, “NBCC (India) Limited has successfully sold 446 residential units at Aspire Silicon City, PH-IV at Sec-76, Noida, U.P. through an e-auction at total sale value of approx. ₹1,467.93 crore. NBCC will get marketing fee @ 1% of sale value.”
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