NMDC ( National Mineral Development Corporation ) BuyBack 2020, with Record and Payment Details & History

The board of NMDC ( National Mineral Development Corporation) on 10th November approved share buyback worth ₹1378.05 crore.The board has approved proposal to buyback 13,12,43,809 Lakhs shares, which represents 4.29% equity share, at ₹105 per share.

Buyback is done with the objective of returning surplus cash to the holder of equity shares of the company.

It is further notified that the Company has fixed November 23, 2020 as the record date for the purpose of ascertaining the eligibility of shareholders for Buyback of equity shares.

    NMDC buyback 2020

    NMDC BuyBack 2020 Offer Deal:

    Buyback Type: Tender Offer
    Buyback Record Date: Nov 23 2020
    Buyback Offer Amount: ₹ 1378 Crore
    Date of Board Meeting approving the proposal: Nov 10 2020
    Date of Public Announcement: Nov 10 2020
    Buyback Offer Size: 4.29%
    Buyback Number of s: 13,12,43,809
    Price Type: Tender Offer
    FV: 1
    Buyback Price: ₹ 105 Per Equity Share

    NMDC Buyback of 13,12,43,809 equity shares which is around 4.29of 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.

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

    NMDC Buyback Important Dates

    Buyback ActivityDate
    Board Meeting for NMDC Buyback proposal10.11.2020
    NMDC Buyback Approval date10.11.2020
    Public Announcement of NMDC Buyback10.11.2020
    NMDC Buyback Record Date23.11.2020
    NMDC Buyback opens on/Buyback Opening Date17.12.2020
    NMDC Buyback closes on/Buyback Closing Date31.12.2020
    Cut-off date to receive completed tender forms by Registrar02.01.2021
    Cut-off date for verification by the Registrar05.01.2021
    Cut-off date to inform Stock Exchange on acceptance or
    non-acceptance of tendered Equity Shares by Registrar
    Last date of settlement of bids on the stock exchange08.01.2021
    Last date to return unaccepted shares by Registrar08.01.2021
    Last date of extinguishment of Equity Shares13.01.2021

    NMDC Shareholding Pattern

    Category No. of shares Percentage
    Promoters 2,132,453,593 69.65
    Foreign Institutions 136,271,336 4.45
    NBFC and Mutual Funds 131,173,255 4.28
    Central Government 2,996,756 0.10
    Others 34,559,647 1.13
    General Public 129,603,528 4.23
    Financial Institutions 494,791,544 16.16

    About NMDC ( National Mineral Development Corporation )  Company

    NMDC Ltd. was incorporated in the year 1958. Its today's share price is 94. Its current market capitalisation stands at Rs 27770.98 Cr. In the latest quarter, company has reported Gross Sales of Rs. 116992.2 Cr and Total Income of Rs.122135.8 Cr. The company's management includes Pradip Kumar Satpathy, D Kuppuramu, Ashok Kumar Angurana, Vijoy Kumar Singh, Rasika Chaube, Alok Kumar Mehta, Amitava Mukherjee, Sumit Deb, Sumit Deb.

    It is listed on the BSE with a BSE Code of 526371 , NSE with an NSE Symbol of NMDC and ISIN of INE584A01023. It's Registered office is at Khanij Bhavan,10-3-311/ A Castle Hills,Masab TankHyderabad-500028, Andhra Pradesh. Their Registrars are ACC Ltd. It's auditors are Amit OM & Co, Laxminiwas & Jain, OP Totla & Co, Ramamoorthy (N) & Co, Sagar & Associates, Tej Raj & Pal, Umamaheswara Rao & Co, Venugopal & Chenoy, Vijay Panchappa & C

    How to Participate in NMDC Buyback?

    1. Firstly, to be eligible for the buyback the investor should have shares of NMDC in demat or physical form as on record date.
    2. Once you have shares in demat, you can participate in the buyback process which is opening from [Not Announced], by selling your shares through your broker on NSE or BSE.

    3. Then on [Not Announced] the payment will be given to you for accepted shares and unaccepted shares will be returned to your demat account.

    Company Contact Information:

    National Mineral Development Corporation (NMDC)

    NMDC Limited Khanij Bhavan, Masab Tank,
    Hyderabad – 500028, INDIA.
    Corporate Identity Number (CIN) – L13100AP1958GOI001674

    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?
    NMDC buyback 2020 announcement date is 10 Nov 2020

    What is NMDC Buyback Price?
    The company has fixed the price at ₹ 105

    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.