NBCC receives RBI nod, completes equity investment in Dubai-based subsidiary

New Delhi: Navratna public sector enterprise NBCC (India) Limited has received approval from the Reserve Bank of India (RBI) to invest in the equity share capital of its wholly owned subsidiary, NBCC Overseas Real Estate LLC, incorporated in Dubai Mainland, UAE.

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In an official stock exchange filing dated July 8, 2025, NBCC confirmed that it has remitted AED 1,000,000 as equity into the newly incorporated entity. This follows the company’s earlier disclosure on May 16, 2025, regarding the establishment of the subsidiary, aimed at expanding its global footprint in the real estate sector.

NBCC Overseas Real Estate LLC has been set up to undertake buying and selling of real estate in Dubai. With this move, NBCC reinforces its strategic intent to explore international markets and diversify its portfolio beyond Indian shores.

The formation of the subsidiary had earlier received prior clearance from the Department of Investment and Public Asset Management (DIPAM), and now, with RBI’s nod under the Overseas Direct Investment (ODI) norms, the company has completed the necessary regulatory requirements to operationalize the entity.

NBCC (India) Limited holds 100 percent ownership in the Dubai-based company, having subscribed to its entire equity in cash at face value. The promoter and promoter group have no interest in the subsidiary apart from the shareholding held by NBCC itself.

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