NMDC stock slumps 4%

Shares of NMDC Ltd was lower by 4% at Rs. 155. The company announced that the government is selling up to 4,74,58,357 shares to non-retail Investors and retail investors. The floor price of the offer shall be Rs. 153.50 per share.

The stock has hit a high of Rs. 156 and a low of Rs. 154.

Incorporated in 1958 as a Government of India fully owned public enterprise. NMDC is under the administrative control of the Ministry of Steel, Government of India.

The company’s mission is to emerge as a global Environment friendly Mining Organisation and also as a quality Steel
producer with a positive thrust on Social Development.