Read
Listen
Watch
Play
Find
Mail
  • Quotes

  • NAVs

  • News

  • Messages

  • Opinions

  • Notices

  • Videos

  Post a Message | Explore Forums  |  Browse Stock Messages  |  Hot Discussions  | Top rated Messages  | Top Boarders
Search: Messages    Stock    Boarder
 
Ads by Google
Moneycontrol.com >> Message Board >> View Messages >> NMDC
   You are here :     Moneycontrol     MMB      Stocks      NMDC
NMDC Bonus allotment (5)   30-Jun-08 17:13Tracked by (1)  
Posted by:   sethuk on ( 30-Jun-08 17:13 )
Price : BSE: Rs 274.45 ( -4.99 % ), NSE: Rs. 272.65 ( -5.00 % )
According to BSE/NSE, the NMDC Board had approved; 1. Splitting of the Company''s equity shares of face value of Rs 10/- each into ten shares of the face value of Re 1/- each. 2. Issue of bonus shares @ two equity shares for every one equity share held. As per my understanding, every share of NMDC would be split into 10 shares of Rs.1/-FV and then 2 additional bonus shares (of Rs.1/- FV) was to be given. i.e., 1 Share before split = 10 shares (Rs.1/- FV) + 20 bonus shares of Rs.1/-FV = Total 30 shares of Rs.1/- against each existing share.

Is this right? Till now they have alloted only the bonus shares (2 for each share), even though the stock has been split into 10 shares of FV of Rs.1/-

Kindly clarify the position.

Feedback

Boarders Outlook on NMDC

 positive outlook

8 queries on NMDC

multibaggerstockadvisor.blogspot . com - the market seems to be pretty good and look promis...
IRON ORE PRICE INCREASED BY Rs 705 - Devender, Where do you see this stock in 3-5 ye...
 see more

More from the Mining/Minerals Sector

Boarders tracking NMDC

onlysubhas  |   onlysubhas  |   pdbora7  |   deeprpatel  |   KRVenkatesh  |   desai_ag@

News Updates on NMDC

CNBC TV18 CNN IBN CNBC Awaaz IBN 7 IBN LOKMAT