NMDC share price: Stock trades ex-date for issuance of 2:1 bonus shares

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Bonus shares 2024: The NMDC share price witnessed some selling pressure in the early morning session on Friday. Trading ex-date for finalizing the list of eligible shareholders for the issuance of two bonus shares for every one share, NMDC share price today opened upside at ₹71.84 apiece on the NSE. It touched an intraday high of ₹72.10 per share within a few minutes of the Opening Bell. However, after the profit-booking trigger, the bonus share failed to sustain at higher levels and witnessed downside pressure.

NMDC bonus shares record date

In an exchange filing earlier, NMDC had reported the Indian stock market exchanges about the bonus shares, saying, “We wish to inform you that the Company has received in-principle approval under Regulation 28(1) of SEBI LODR, 2015, from BSE Limited and National Stock Exchange of India Limited vide their letters dated 16th December 2024, for issue and proposed allotment of 586,12,11,700 Equity shares of ₹1/- each as bonus shares in the ratio of 2 (two) new equity shares for every 1 (one) existing equity share held in the Company.”

Informing about the bonus shares record date, NMDC said, “The Company has fixed Friday, 27th December 2024, as the “Record Date” to determine the eligibility of shareholders for issuance of the said Bonus Shares.”

NMDC bonus shares history

NMDC shares are trading ex-bonus after a gap of over 16 years. NMDC shares traded ex-date on 21 May 2008 to finalize the list of eligible shareholders to issue bonus shares. At that time, NMDC shares were traded ex-date for the issuance of bonus shares in a 2:1 ratio, which means two bonus shares for every one share held by eligible shareholders of the company.

Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.



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13 thoughts on “NMDC share price: Stock trades ex-date for issuance of 2:1 bonus shares”

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