Government May Get Rs 6,500 Crore As NMDC, MOIL To Buy Back Shares: Report

New Delhi: NMDC and MOIL will buy back 25 per cent of paid-up shares for about Rs 10,000 crore, two-third of which may accrue to the government. "NMDC and MOIL will buy back 25 per cent of the paid up capital. A notification in this regard is expected shortly," a Finance Ministry official said. Government holds an 80 per cent stake each in NMDC and MOIL. On Tuesday, shares in NMDC ended 1.66 per cent higher at Rs 91.65 apiece on t...