Shares of NMDC were trading 3.17 per cent lower at ₹67.15 at 1.14 PM on Monday on the BSE.
NMDC has announced the allotment of 586,12,11,700 fully paid-up bonus equity shares. The allotment ratio is 2:1; that is, shareholders are to receive two bonus shares for every existing fully paid-up equity share held, as on December 27, 2024, the record date.
National Mineral Development Corporation (NMDC) is a state-owned iron ore producer and exporter. In addition, it also mines for diamonds, rock, gypsum, magnesite, tin, graphite and coal, among others.