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Acquisition of NPCC by WAPCOS completed

By IndianMandarins- 29 Apr 2019
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The process of acquisition of NPCC by WAPCOS was completed on April 26. This involved a transfer of 98.89% of NPCC shares to WAPCOS. Each share had the face value of Rs 1,000 and the total shares transferred were 6,34,821.

 

The Share Transfer Form SH-4 was executed by transferor S. K. Garg, Director (PSU), Ministry of Water Resources, River Development and Ganga Rejuvenation on behalf of the 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 the Government of India account on 29 March 2019.

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