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NMDC to to buy back 3.23% equity shares for Rs 1,000 cr

IANS  |  Mumbai 

State-owned NMDC on Tuesday announced a 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 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 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

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 08 2019. 23:00 IST
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