NMDC is currently trading at Rs. 175.20, up by 1.10 points or 0.63% from its previous closing of Rs. 174.10 on the BSE.
The scrip opened at Rs. 175.00 and has touched a high and low of Rs. 176.20 and Rs. 170.00 respectively. So far 124679 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 196.15 on 06-Jun-2014 and a 52 week low of Rs. 92.65 on 06-Aug-2013.
Last one week high and low of the scrip stood at Rs. 187.50 and Rs. 172.00 respectively. The current market cap of the company is Rs. 69362.71 crore.
The promoters holding in the company stood at 80.00% while Institutions and Non-Institutions held 17.20% and 2.79% respectively.
State-owned mining company NMDC may spend nearly AUD 12.1 million to subscribe a rights issue planned by its Australian arm Legacy Iron Ore. Legacy reportedly is planning to raise AUD 25 million by way of rights issue and the Indian miner -NMDC- as majority shareholder is expected to acquire shares under the 'entitlement offer' equivalent to its 48.8% stake. However, NMDC's participation under the entitlement offer is subject to approval from the Foreign Investment Review Board (FIRB).
The Australian mineral and metals explorer plans to issue 'a 3 for 1 pro rata non-renounceable entitlement offer' to its shareholders. Under the entitlement offer each shareholder will be offered an opportunity to purchase three new shares for one existing Legacy Iron share held by them as on July 22. The offer price has been fixed at 1.4 cents per new share.
NMDC acquired 48.8% state in Legacy Iron in 2011. It is the first overseas acquisition done by the Indian miner.
NMDC is a state-controlled mineral producer of the Government of India. It is fully owned by the Government of India and is under administrative control of the Ministry of Steel.
