NMDC Steel listing today

KS Badri Narayanan Updated - February 20, 2023 at 09:19 AM.

Shareholders of NMDC were allotted one share of NMDC Steel for each share held

Shares of NMDC Steel will be listed at the bourses on Monday.

Last year, National Mineral Development Corporation (NMDC) had announced the demerger of NMDC Ltd and NMDC Steel Ltd.

NMDC shareholders were allotted one share of NMDC Steel for every equity share held.

The government had demerged the PSU iron-ore miner’s steel unit. The government holds a 60.79 per cent stake in NMDC.

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The state-owned company under the Ministry of Steel is headquartered in Hyderabad. It is also the country’s largest iron ore producer.

Published on February 20, 2023 03:12
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