NMDC Limited has announced a 2:1 bonus issue of fully paid-up equity shares, in line with Regulation 30 of the SEBI Listing Obligations & Disclosure Requirements (LODR) Regulations, 2015. The Bonus Issue Committee of the Board approved the allotment of 586,12,11,700 new equity shares with a face value of ₹1 each, in a ratio of 2 new shares for every 1 existing share held, as of the record date, December 27, 2024.
Key Details:
- Bonus Issue Ratio: 2:1 (Two new shares for every existing share)
- Record Date: December 27, 2024
- Total Shares Post-Issue: 8,79,18,17,550
- Paid-Up Capital Pre-Issue: ₹293.06 crore
- Paid-Up Capital Post-Issue: ₹879.18 crore
The bonus shares will carry the same rights as existing shares, including eligibility for dividends and other corporate benefits.
In the meantime, NMDC shares opened at ₹69.45 and reached a high of ₹69.65, with a low of ₹67.60 during the trading session. The stock’s 52-week high stands at ₹95.45, while its 52-week low is ₹63.45. As of 12:14 PM, the shares were trading 2.42% lower at Rs 67.64.
