NMDC Fixes Record Date For 2:1 Bonus Share Issue – All You Need to Know

NMDC has announced a bonus share issue in the ratio of 2:1, which means shareholders will receive two new equity shares for every one existing share they hold. This move reflects NMDC’s intention to reward shareholders and improve liquidity in the market.

The company will allot 586,12,11,700 equity shares of ₹1 each under this bonus issue. Notably, NMDC has previously issued bonus shares in the same ratio back in 2008. 

Record Date and Its Importance

NMDC has fixed Friday, December 27, 2024, as the Record Date. This date is crucial as it determines shareholder eligibility for the bonus shares. Investors who hold NMDC shares at the end of the trading day on December 27 will be eligible to receive the bonus allotment.

To ensure eligibility, investors should consider purchasing NMDC shares at least a day prior to the record date due to the T+1 settlement cycle.

When Will the Shares Be Credited?

NMDC has provided the following timeline for the bonus share process:

• Deemed Date of Allotment: Monday, December 30, 2024
• Trading of Bonus Shares Begins: Tuesday, December 31, 2024

The company clarified that the process aligns with the SEBI circular dated September 16, 2024. Upon crediting the shares to investors’ Demat accounts, the bonus shares will be immediately available for trading.

NMDC Share Price Performance

As of December 17, 2024, at 2:56 PM, NMDC’s share price was trading lower by 2.17% at ₹227.60.

Conclusion

Mark your calendars for the key dates:

• Record Date: December 27, 2024
• Allotment Date: December 30, 2024
• Trading Starts: December 31, 2024

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.