NMDC Limited (NSE: NMDC, BSE: 526371) is coming up with buyback of ₹1,378 crore announced on 10 November 2020. 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 currently NTPC share price is hovering around ₹90-95 level and the buyback price is ₹105 which is around the profit around 10-15%. The investors will surely track NMDC share price and buyback as well.
NMDC Buyback 2020 Offer Details:
| Buyback Record Date: | 23 November 2020 |
| Board Meeting Approval: | 10 November 2020 |
| Public Announcement: | 10 November 2020 |
| Buyback Offer: | ₹1378 Crores |
| Buyback Offer Size: | 5% |
| Number of Shares: | 13,12,43,809 Shares |
| Share Face Value: | ₹1 per share |
| Buyback Price: | ₹105 per Share |
| Buyback Type: | Tender Offer |
NMDC buyback of 13.12 crore equity shares which is around 5% of all the existing number of equity shares at a price of ₹105 per equity share. The buyback offer not exceeding of ₹1378 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 23 November 2020. Investors can participate in the NMDC Buyback 2020 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
NMDC Buyback 2020 FAQs:
When is NMDC Buyback Record Date?
NMDC buyback 2020 record date is 23 November 2020.
When is NMDC Buyback announcement Date?
NTPC buyback 2020 announcement date is 10 November 2020.
What is NMDC Buyback Price?
The company has fixed the price at ₹105 per share.
How to apply for NMDC Buyback 2020?
As per the record date you need to have NMDC shares in your demat account. You can participate in buyback after having the stock in your account.
Note: If anything you want to know about the buyback offer you can refer the NMDC buyback offer documents.
