Acquisition of NPCC by WAPCOS
The process of acquisition of NPCC by WAPCOS was completed by transfer of 98.89% shareholding of President of India and his nominees in National Projects Construction Corporation Limited (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 process of acquisition of NPCC by WAPCOS was completed by transfer of 98.89% shareholding of President of India and his nominees in National Projects Construction Corporation Limited (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 transferor S.K. Garg, Director (PSU), Ministry of Water Resources, River Development & Ganga Rejuvenation on behalf of President of India and Transferee Anupam Mishra, Director (Commercial and HRD) on behalf of WAPCOS Ltd. Original Share Certificates of NPCC were handed over to 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.
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