NMDC Steel Limited’s (NSE:NSLNISP) stock price dropped 4.8% last week; state or government would not be happy
Key Insights
- Significant control over NMDC Steel by state or government implies that the general public has more power to influence management and governance-related decisions
- India owns 61% of the company
- 18% of NMDC Steel is held by Institutions
A look at the shareholders of NMDC Steel Limited (NSE:NSLNISP) can tell us which group is most powerful. We can see that state or government own the lion’s share in the company with 61% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).
As market cap fell to ₹131b last week, state or government would…
