NMDC Buyback 2019 Record Date, Buyback Price & Details

By Jagat Joshi
January 9, 2019
12:33 pm
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By Jagat Joshi
January 9, 2019

NMDC is a company owned by Government of India and incorporated in 1958. NMDC previously known as National Mineral Development Corporation. The company administrative controlled by the Ministry of Steel, Government of India. NMDC is India’s largest iron ore producers. They are involved in exploration of iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite etc. The company posted revenue of Rs. 12,138.13 crore in FY 2017-18 while Operating income Rs. 6,176.57 crore and Net income around Rs. 3,802.79 crore. There are over 5700 employees working with the company as on 2017-18.

NMDC Buy Back 2019 Offer Details:

Buyback Record Date:	18-Jan-2019
Board Meeting Approval:	08-Jan-2019
Public Announcement:	08-Jan-2019
Buyback Offer:	Rs. 1000 Crore
Buyback Offer Size:	3.23%
Number of Shares:	10,20,40,815
Share Face Value:	Rs.1
Buyback Price:	Rs.98
Buyback Type:	Tender Offer

NMDC buyback of 10,20,40,815 shares which is around 3.23% of all the existing number of equity shares at a price of Rs.98 per equity share. The buyback offer not exceeding of Rs.1000 crore of total buyback offer size.

NMDC Buyback Eligible Share Holders:
The investors are eligible of the buyback scheme who have NMDC shares in their Demat account as record date 18-January-2019. Investors can participate in the NMDC Buyback 2019 scheme as per the opening form by selling your shares. The payment will be given as per the accepted shares by the company under the NMDC buyback scheme.

Checkout Current NMDC Shares market price on NSE and BSE: NMDC Live Quote

Note: If anything you want to know about the buyback offer you can refer the NMDC buyback offer documents.

Jagat Joshi

Founder of IPOWatch, brings nearly 15 years of experience in IPO analysis and market research. He provides complete coverage of upcoming IPOs, subscription trends, grey market premiums (GMP), and post-listing performance, along with easy-to-understand reviews, insights, and analysis. In his working journey, he has worked with various platforms and received expertise in stock market analysis and primary markets.

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Disclaimer: This content is provided strictly for educational and informational purposes. The securities or investments mentioned are not to be considered as investment advice or recommendations. The Investors are advised to do their own research or connect with a financial advisor before making any investment decisions.