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NMDC Share Price After Demerger: What to Expect?

Milind Vadjikar | Answer |Ask -Follow

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;

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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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).

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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