Tue Nov 12 04:45:38 UTC 2024: ## NMDC Set to Announce Bonus Share Issue on November 11th

**New Delhi, India** – The state-owned mining company, NMDC, is set to announce a bonus issue of shares on November 11th. This news was revealed by ET Now, a leading business news channel in India. The announcement will be closely watched by investors, as it could potentially boost share prices and attract more interest in the company.

While specifics of the bonus issue haven’t been released yet, it is expected to be a significant move for NMDC. The company has been performing well in recent times, benefiting from strong demand in the mining sector.

This news comes amidst a flurry of other business updates in India, including:

* **GIVA** successfully raising Rs 55 crores in an extended Series B funding round, planning to utilize the funds for expanding their offline presence.
* The **Federal Open Market Committee (FOMC)** cutting interest rates by 25 basis points, leading to speculation on its impact on the market.
* **The Hosteller**, a popular hostel chain, raising Rs 48 crores in a funding round led by V3 Venture, with plans to expand territories and increase customer base.

These developments highlight a dynamic Indian market where businesses are actively seeking growth opportunities and investors are closely watching the latest trends.

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