NMDC Buyback

The ongoing buyback of state-owned NMDC may find few takers given the sharp rally in its stock

While domestic outlook was seen improving post recent iron ore price hikes and rising steel output, coronavirus could curb gains

The coal ministry has allocated Rohne and Tokisud North coal blocks under Section 5(1) of the Coal Mines (Special Provisions) Act, 2015, for commercial mining, NMDC said in a statement

According to the company, the promoters and promoter group hold 72.43 per cent of the total equity of over 3.17 billion shares and the rest 27.57 per cent of the shares are held by the public.