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Finance ministry approves NMDC’s Rs 1,000 crore share buyback plan

Finance ministry approves NMDC’s Rs 1,000 crore share buyback plan

NMDC has received an approval from the finance ministry for the share buyback plan worth Rs 1,000 crore. The timeline for the launch of the offer will be decided by NMDC’s board.

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.