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NMDC Share Price After Demerger: What to Expect?

Milind

Milind Vadjikar  |846 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 04, 2024

Milind Vadjikar is an independent MF distributor registered with Association of Mutual Funds in India (AMFI) and a retirement financial planning advisor registered with Pension Fund Regulatory and Development Authority (PFRDA).
He has a mechanical engineering degree from Government Engineering College, Sambhajinagar, and an MBA in international business from the Symbiosis Institute of Business Management, Pune.
With over 16 years of experience in stock investments, and over six year experience in investment guidance and support, he believes that balanced asset allocation and goal-focused disciplined investing is the key to achieving investor goals.... more
Asked by Anonymous - Nov 04, 2024Hindi
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I have received 500 shares of NMDC steel at the. Time of demerger of NMDC in 2023. How much price per share be considered for NMDC steel .

Ans: Hello;

As per cost apportionment letter of NMDC to the exchanges, the cost of NMDC Steel should be considered as 57.29% of the price of NMDC shares acquired before demerger while NMDC shares acquisition cost may be considered as 42.71% of the price of NMDC shares acquired before demerger.

Hope this is clear.

Best wishes;
Asked on - Nov 28, 2024 | Answered on Nov 28, 2024
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I had 500 shares of NMDC before demerger & avg .cost of aquisition was Rs 127.007 per share. After demerger I received 500 shares of NMDC Steel. What price should I put in my portfolio against NMDC & NMDC Steel respectively to modify my existing portfolio soon after Oct.2022?
Ans: Hello;

The cost of acquisition of NMDC share should be split as per the apportionment letter given by NMDC to the exchanges. (57.29% for NMDC Steel and 42.71% for NMDC, as per previous reply but cross-check it for your own benefit).

Best wishes;
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