December 17, 2024
New Delhi, India
NMDC Announces Record Date for Bonus Shares
NMDC has fixed Friday, December 27, 2024, as the record date to determine the eligibility of shareholders for its 2:1 bonus share issue.
- Bonus Issue Ratio: 2 new equity shares for every 1 existing share held.
- Total Bonus Shares: 586,12,11,700 equity shares of ₹1 each.
- Deemed Date of Allotment: Monday, December 30, 2024.
- Trading Start Date for Bonus Shares: Tuesday, December 31, 2024.
The company has received in-principle approval from the BSE and NSE for the bonus issue, as per its regulatory filing on December 16, 2024.
NMDC Share Price Performance
- 1-Month Gain: Over 5%.
- 6-Month Loss: Down by 13%.
- Year-to-Date (YTD) Gain: 9%.
- 3-Year Growth: 110%.
At 2:00 PM on Tuesday, NMDC shares were trading 0.92% lower at ₹230.50 apiece on the BSE.
Key Takeaways
NMDC’s bonus issue offers an opportunity for long-term investors to strengthen their holdings. The company’s robust growth over three years and bonus initiative highlight its commitment to rewarding shareholders.
Stay tuned for further updates on the allotment and trading schedule.
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