New Delhi: As many as eight merchant bankers, including Citibank and Nomura, are vying to manage the sale of 15 per cent government stake in NBCC, which could fetch about Rs 2,100 crore to the exchequer. The eight merchant bankers, which include SBI Capital Markets, Axis Bank and Edelweiss, will make presentation before the officials of the department of investment and public asset management (DIPAM) on Tuesday.
Others in the fray include ICICI Bank, IDBI Bank and Kotak Mahindra Bank, reports PTI. The government will appoint up to three merchant bankers for the share issue, which could fetch about Rs 2,100 crore to the exchequer at the current market price.
