NMDC stock slumps 4%

Shares of NMDC Ltd was lower by 4% at Rs. 155. The company announced that the government is selling up to 4,74,58,357 shares to non-retail Investors and retail investors. The floor price of the offer shall be Rs. 153.50 per share.

The stock has hit a high of Rs. 156 and a low of Rs. 154.

Incorporated in 1958 as a Government of India fully owned public enterprise. NMDC is under the administrative control of the Ministry of Steel, Government of India.

The company’s mission is to emerge as a global Environment friendly Mining Organisation and also as a quality Steel
producer with a positive thrust on Social Development.

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Yash Ved
Yash Ved is a Senior Correspondent at NewsBarons and comes with a decade of experience across leading online and offline publications. A keen observer of the stock index movement, Yash also likes covering Real Estate and the BFSI sector. A financial management and Journalism student, Yash believes learning as a continuous journey and enjoys following the IT and the Pharmaceutical industry and has penned many articles on the subjects.
yash@newsbarons.com
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