Home » Legacy Iron Ore

Tag: Legacy Iron Ore

Post
NMDC to decide on subscribing Legacy’s rights issue
July 1, 2013July 1, 2013by In Infrastructure Finance

NMDC to decide on subscribing Legacy’s rights issue

Media reports indicate that National Mineral Development Corporation (NMDC) would decide on whether to participate in the rights issue to be offered by Legacy Iron Ore, in which the former holds 49.6 per cent stake. Legacy Iron Ore is the Australian arm of NMDC, which is the largest shareholder in the former. Some reports indicate that NMDC would acquire rights equivalent to its 49.6 per cent stake in Legacy Iron Ore by s