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Bloomberg Quint

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Image Credit: Bloomberg Quint

NMDC Bonus Issue: Record And Allotment Date Announced — Check Details Here

  • NMDC Ltd. has announced that Dec. 27 will be the record date to determine the eligibility of shareholders for the issuance of bonus shares.
  • The bonus issue on Friday will be in a 2:1 ratio, meaning two new equity shares will be issued for every one existing share held.
  • Shareholders must ensure the stock is delivered to their accounts by Thursday on a T+1 settlement basis to qualify for the bonus issue.
  • The allotment date for the bonus shares is set for Dec. 30.

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