NMDC approves buyback worth Rs 1,378 crore

NMDC ltd. has approved buyback of 13.1243 crore fully paid-up equity shares of face value Re.1 each representing 4.29% of the total number of fully paid-up equity shares at a price of Rs. 105 per equity share.

NMDC ltd. announced on Wednesday that the board of directors has approved buyback of 13.1243 crore fully paid-up equity shares of face value Re.1 each representing 4.29% of the total number of fully paid-up equity shares at a price of Rs 105 per equity share.

The aggregate consideration would be Rs. 1,378.05 crore representing 5.00% of the fully paid-up equity share capital.

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