NMDC's Rs 1,378 crore share buyback opens today, stock jumps nearly 3% NMDC share buyback proposal comprises of 13.12 crore fully paid-up equity shares of a face value of Rs 1 each from the company's shareholders at a price of Rs 105 per equity share payable in cash BusinessToday.In | December 17, 2020 | Updated 15:53 IST NMDC share buyback to close on December 31 Shares of NMDC rose nearly 3 per cent to Rs 117.75 in intraday trade on the Bombay Stock Exchange on Thursday as the state-owned mineral producer's share buyback process started today. The Rs 1,378 crore share buyback proposal of NMDC is scheduled for closing on December 31, 2020. The NMDC's board had approved the share buyback proposal in a meeting on November 11, 2020. The buyback comprises of 13,12,43,809 fully paid-up equity shares, representing 5 per cent and 5.05 per cent of the total fully paid-up equity share capital and free reserves, of a face value of Re 1 each from the company's shareholders at a price of Rs 105 per equity share payable in cash.