All you need to know about NMDC share buyback offer

According to the company, the promoters and promoter group hold 72.43 per cent of the total equity of over 3.17 billion shares and the rest 27.57 per cent of the shares are held by the public.

State-owned iron ore producer NMDC will decide on Friday the names of shareholders who would be eligible to participate in the company's Rs 1,000-crore share buyback.

On January 9, the company informed bourses that its board had approved buying back of around 102 million shares (representing 3.23 per cent of its total paid-up equity capital), for Rs 98 apiece. The size of the buyback stands at Rs 1,000 crore. Record date for the same was fixed for today, January 18, 2019.

Shares reserved for the retail category (less than 200,000) comes to around 15.3 million shares. Investors holding stock value