Pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015 and in continuation of our earlier disclosure regarding disinvestment of Neelachal Ispat Nigam Limited (NINL) we wish to inform you that the Company NMDC Limited has today successfully sold and transferred (10.10%) of the issued and paid-up equity share capital of NINL to Tata Steel Long Products Limited (TSLP) the successful bidder selected through the two-stage auction procedure involving a competitive bidding process run under the aegis of Department of Disinvestment & Public Asset Management (DIPAM) for a consideration determined in accordance with and subject to the terms of the Share Purchase Agreement Escrow Agreement and other related ancillary agreements (Definitive Agreements).This is for your information and record.
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