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NMDC board approves bonus, stock split

CHENNAI: National Mineral Development Corporation (NMDC) has informed the Bombay Stock Exchange that the board of the company, at its meeting held on December 27, has approved the issue of bonus shares in the ratio of two shares for every one share held, to split shares of Rs. 10 each into ten shares of Re. 1 each and to enhance the paid-up equity capital to Rs. 400 crore from Rs. 150 crore, subject to approval. — Corporate Reporter

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