NMDC board has approved buyback of 10,20,40,815 equity shares at Rs 98 per share.

Shares of the company settled at Rs 91.40, down 3.74 per cent against its previous close.

The finance ministry has already given greenlight to the company's buyback plan.

The timeline for the launch of the offer will be decided by NMDC's board.

At 9.40 am, the scrip was trading 2.56 per cent higher at Rs 98.25 on BSE.

The first interim dividend would entail a total outgo of Rs 1,360 crore.

Among the 15 buyback offers, four offers — including two from RIL and one each from Coal India, Cairn India and NMDC —were made via open ma...

the company said its total standalone income rose by 9 per cent to Rs 1,739.15 crore in the quarter under review, as against Rs 1,603.06 cr...

In separate regulatory filings, both the public sector undertakings (PSUs) informed about the 'Letter of Offer'.

The company said the buyback shall not be exceeding 25 per cent of the aggregate of fully paid up share capital and free reserves of the co...

News of share buyback by two public sector entities, NMDC and MOIL, wherein the two companies announced plans to buy back just over 20 per ...

Last month, aluminium maker Nalco said its board has approved a proposal to buy back 64.43 crore shares worth close to Rs 2,835 crore.

With just 45 days left for the fiscal to end, the govt mobilised just Rs 13,330 crore from sale of stake in PSUs as against the budgeted ta...

Govt plans to divest 12.15 pc stake in Nalco and 10 pc stake in NMDC through an OFS of shares through the stock exchanges.

NMDC has sought shareholders' approval for amendment in its Articles of Association which will enable it to launch share buy-back offer.

In an interview with ET Now, Narendra Kumar Nanda, CMD, NMDC, talks about PSU share buyback. Excerpts:

Shares of public sector companies gained ground after the government approved buyback of shares by certain PSUs as part of the divestment p...