NMDC board approves up to Rs 1,378 crore buyback plan
Wed, Nov 11, 2020 5:00 PM

NMDC board approves up to Rs 1,378 crore buyback plan

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The board approved a proposal for buyback of 13,12,43,809 fully paid-up equity shares of a face value of Re 1 each from the company's shareholders at a price of Rs 105 per equity share payable in cash. The buyback will be for an aggregate consideration not exceeding Rs 13,78,05,99,945 (of, representing 5% and 5.05% of the total fully paid-up equity share capital and free reserves it added.

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