NCC - Land Sale Proceeds To Release Capital For Growth: Centrum Broking

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Centrum Broking Report.NCC Ltd. signed an agreement with GRPL Housing Pvt. Ltd., Bangalore for selling NCC Vizag Urban for a total consideration of ~Rs 5 billion (Rs 2 billion for equity invested and recovery of loan plus accrued interest of ~Rs 3 billion). The special purpose vehicle owns 100 acre land parcel in Vizag. NCC’s investment in the subsidiary is Rs 3.5 billion (Rs 500 million equity and loans plus accrued interest of Rs 3 billion). The equity consideration of Rs 2 billion would be received in four installments by March 2023 (first installment of Rs 475 million received) while loan and accrued interest are likely to be received in tranches by March-24. Expected sale proceeds to release capital for growth and improve visibility on revenue scale up to Rs 123 billion/Rs 143 billion in FY23E/FY24E from Rs 98.3 billion in FY22E. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

NCC - Land Sale Proceeds To Release Capital For Growth: Centrum Broking

NCC - Land Sale Proceeds To Release Capital For Growth: Centrum Broking

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