NMDC Ltd.’s board has approved the issuance of bonus shares to shareholders in the ratio of 2:1.
This means that shareholders will receive two fully paid-up bonus equity shares with a face value of ₹1 each for every one existing equity share held. The issuance is subject to shareholder approval and will apply to eligible members as of the record date, which will be specified by the company at a later time. This move is intended to reward shareholders and increase the liquidity of NMDC shares in the market.
