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NMDC spurts on planning to raise funds by various means

NMDC is currently trading at Rs. 92.05, up by 0.50 points or 0.55% from its previous closing of Rs. 91.55 on the BSE.

The scrip opened at Rs. 90.05 and has touched a high and low of Rs. 92.30 and Rs. 90.05 respectively. So far 45471 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 120.45 on 03-Jul-2019 and a 52 week low of Rs. 74.80 on 23-Aug-2019.

Last one week high and low of the scrip stood at Rs. 99.20 and Rs. 90.05 respectively. The current market cap of the company is Rs. 28031.23 crore.

The promoters holding in the company stood at 72.28%, while Institutions and Non-Institutions held 22.94% and 4.78% respectively.

NMDC is planning to raise funds in one or more tranches Secured or Unsecured Non-convertible Debentures/Bonds on private placement basis on such terms and conditions and at such times at par or at such premium. The Board of Directors of the Company at its meeting to be held on October 11, 2019 to consider the same.

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.

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