JSA acts on NMDC Steel's direct listing on Bombay Stock Exchange and National Stock Exchange

The government holds a 60.79% stake in NMDC
National Stock Exchange
National Stock Exchange

NMDC Steel Limited, a public sector enterprise majorly owned by the Government of India, under the administrative control of the Ministry of Steel gets listed on Bombay Stock Exchange and National Stock Exchange.

J Sagar Associates advised the Department of Investment and Public Asset Management, Government of India, in the listing of NMDC Steel Limited

The transaction team comprised Shivpriya Nanda (Lead Partner), Gaurav G Arora (Partner), Harish Choudhary ( Senior Associate), Twisha Shrivastava (Associate), Varsha S. Banta (Associate) and Anadi Saxena (Associate)

NMDC Limited, the largest iron ore producer in India, demerged its steel business pursuant to the ‘in-principle’ approval of the Cabinet Committee on Economic Affairs chaired by the Prime Minister, Narendra Modi.

Post the demerger, NMDC Steel Limited (the resultant company) houses the steel manufacturing facility of NMDC Limited.

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