State-owned NMDC on Tuesday announced a buyback of 3.23 per cent equity shares at a price of Rs 98 per stock for a consideration not exceeding Rs 1,000 crore.
The buyback decision was taken by the company's Board in its meeting held on Tuesday.
The company's regulatory filing to the BSE said that its Board has "approved the proposal to buyback of not exceeding 10,20,40,815 equity shares at a price of Rs 98 per equity share payable in cash for an aggregate consideration not exceeding Rs 1,000 crore representing 4.11 per cent of the aggregate of the fully paid-up equity share capital and free reserves."
--IANS
rv/prs
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app