NBCC shares jump 4% after company sells 446 homes at Noida's Aspire Silicon City for Rs 1,468 crore
By Aman Shukla Published on May 19, 2025, 09:35 IST
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.'
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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