INSUBCONTINENT EXCLUSIVE:
Shares of NBCC rallied over 5 per cent on early
Friday as the company is set to buy out 100 per cent government stake in consultancy firm
to the BSE.
The government last October invited bids from similarly placed central public sector enterprises (CPSEs) for buying out entire
100 per cent stake in HSCC, along with management control.Thereafter, in June 2018, NBCC had submitted financial bid for buying
HSCC.
Hospital Services Consultancy Corporation (HSCC), under the Ministry of Health and Family Welfare, is engaged in the provision of
consultancy services in healthcare and other social sectors in India and abroad
The government will also transfer management control through a competitive bidding process.
