(THE NEWSMAN OF INDIA)
The process of acquisition of NPCC by WAPCOS ltd. 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, RD&GR 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.