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 Offer Deal:
|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:
|Buyback Number of s:
||₹ 105 Per Equity Share
NMDC Buyback of 13,12,43,809 equity shares which is around 4.29% 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.
Note: If anything you want to know about the buyback offer you can refer the NMDC buyback offer documents.
NMDC Buyback Important Dates
|Board Meeting for NMDC Buyback proposal
|NMDC Buyback Approval date
|Public Announcement of NMDC Buyback
|NMDC Buyback Record Date
|NMDC Buyback opens on/Buyback Opening Date
|NMDC Buyback closes on/Buyback Closing Date
|Cut-off date to receive completed tender forms by Registrar
|Cut-off date for verification by the Registrar
|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 exchange
|Last date to return unaccepted shares by Registrar
|Last date of extinguishment of Equity Shares
NMDC Shareholding Pattern
||No. of shares
|NBFC and Mutual Funds
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?
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:
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.