NMDC fixes Oct 28 as record date for demerger; Stock gains 2%

14 Oct 2022 , 10:25 AM

NMDC Limited has informed to the stock exchanges regardingdate of demerger of steel business.

The Board of Directors of NMDC Ltd at their meeting held on October 13, 2022 fixed the Record Date as Friday the 28th day of October 2022 for the purpose of identification of shareholders of the Demerged Company to whom the shares of the Resulting Company would be required to be issued and allotted by the Resulting Company pursuant to the Scheme.

At around 10:29 AM, NMDC Ltd is currently trading at Rs131.65 per share up by Rs2.75 or 2.13% from its previous closing of Rs128.90 per share on the BSE.

The scrip opened at Rs131.25 per share and has touched a high and low of Rs133.55 per share and Rs130.80 per share respectively so far today. The current market cap of the company is Rs37,775.51 crore.

For feedback and suggestions, write to us at [e-mail]