Most of the top investment banks will be rendered ineligible to manage the coming initial public offering (IPO) of National Building Construction Corp Ltd (NBCC) if the new rules for appointment of advisors are implemented.
The Podar Mill, which went under the hammer today, is expected to get higher bids in the remaining two days of the e-auction.
Close on the heels of Disinvestment Commission recommending privatisation of National Buildings Construction Corp, Disinvestment Department has asked Ministry of Urban Development for its comments in the matter, by January 31.
BSE Midcap index outperformed the benchmark indices to end with 0.4% gains.
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