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Board of NMDC approves scheme of demerger

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Capital Market

At meeting held on 13 July 2021

The Board of NMDC at its meeting held on 13 July 2021 has approved the Scheme of Arrangement for Demerger between NMDC (Demerged Company) and NMDC Steel (Resulting Company) and their respective shareholders, pursuant to Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 (hereinafter referred to as the Scheme).

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First Published: Jul 13 2021 | 5:42 PM IST

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