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News Details

NMDC Ltd. - Offer Of Equity Shares To The Eligible Employees Of NMDC Limited By The President Of India, Acting Through Minist

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15/07/2021 16:53
Sub: Offer of equity shares to the eligible employees of NMDC Limited ('Company') by the President of India, acting through Ministry of Steel, Government of India as per Alternative Mechanism approval dated 5th July 2021 ('Employee OFS')
Ref: Scrip Code: 526371; Security ID: NMDC

This is to inform you that in accordance with the approval given by Alternative Mechanism on 5th July 2021, the President of India, acting through Ministry of Steel, Government of India is proposing to offer up to 89,08,907 equity shares of face value of ? 1 each to the eligible employees of the Company at a price of ? 165.50 per equity share.

The Employee OFS shall remain open from 16th July 2021 to 18th July 2021 (both days inclusive).

This for your information and records.

This is as per Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.