NMDC is planning to own 100% stake in Australian arm Legacy iron by acquiring the remaining 24% shares and delisting it from the Australian Stock Exchange (ASX).
The company currently holds 76% in Legacy Iron Ore, a Perth-based Australian exploration company focused on the development of iron ore, gold and base metal deposits.
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.
