 "NMDC gains as board to consider share buyback")
Shares of NMDC were up nearly 5% at Rs 90.60 on the Bombay Stock Exchange after the company said that its board will meet next to consider buyback of shares.
The Board of Directors is scheduled to meet on June 07, 2016, inter alia, to consider the proposal for buyback of the fully paid-up equity shares of the Company of face value of Rs. 1 each, the company said in a release.
In pursuance of the Internal Code of Conduct for Prevention of Insider Trading in dealing with securities of NMDC Limited, the trading window shall remain closed from June 03, 2016 to June 09, 2016 (both days inclusive), in connection with the above scheduled meeting, the release added.
The stock opened at Rs 90 and touched a high of Rs 91. At 10:45am, over 2.8 million shares were traded on both the stock exchanges.
