NMDC Buyback 2019
Incorporated in 1958 as a Government of India fully owned public enterprise. NMDC is under the administrative control of the Ministry of Steel, Government of India.
Since inception involved in the exploration of wide range of minerals including iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, beach sands etc.
NMDC is India’s single largest iron ore producer, presently producing about 30 million tonnes of iron ore from 3 fully mechanized mines viz., Bailadila Deposit-14/11C, Bailadila Deposit-5, 10/11A (Chhattisgarh State) and Donimalai Iron Ore Mines (Karnataka State).
NMDC has made a valuable and substantial contribution to the National efforts in the mineral sector during the last five decades and has been accorded the status of schedule-A Public Sector Company. In recognition of the Company’s growing status and consistently excellent performance, the Company has been categorized by the Department of Public Enterprises as “NAVRATNA” Public Sector Enterprise in 2008.
Strong back up of an ISO 9001 certified R&D Centre, which has been declared as the “Centre of Excellence” in the field of mineral processing by the Expert Group of UNIDO.
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||Jan 18 2019|
|Buyback Opening Date:||Feb 13 2019|
|Buyback Closing Date:||Feb 27 2019|
|Buyback Offer Amount:||₹ 1000 Cr|
|Date of Board Meeting approving the proposal:||Jan 08 2019|
|Date of Public Announcement:||Jan 08 2019|
|Buyback Offer Size:||3.23%|
|Buyback Number of Shares:||102040815|
|Buyback Price:||₹ 98 Per Equity Share|
Details of Buyback:
Salient financial parameters:
|Year||Revenue(Cr)||PAT(Cr)||EBITDA Margins||Profit Margins||EPS|
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|Amount Invested in Buyback||1,93,775||1,93,775||1,93,775||1,93,775|
|No. of Shares buyback||673||1020||530||2040|