Thursday, February 25, 2010

Watch out NMDC FPO Coming Soon

Upcoming FPO - NMDC Limited

NMDC Ltd is coming out with a a follow-on public offer (FPO) of 332,243,200 Equity Shares of Rs.1 for cash, at a premium to be decided through a 100% Book built issue. NMDC Ltd is a fully Government of India owned public enterprise. NMDC is under the administrative control of the Ministry of Steel, Government of India. NMDC involved in the exploration of wide range of minerals including iron ore, copper, rock phosphate, lime stone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, beach sands etc.

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