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Government To Approve NMDC Ltd's 50% Stake Buy In Legacy Iron Ore Ltd-Business Standard


Tuesday, 20 Nov 2012 09:43am EST 

Business Standard reported that the government will soon approve NMDC Ltd's acquisition of 50% stake in Australia's Legacy Iron Ore Ltd at the next meeting of the Cabinet. The state-owned iron ore miner has already announced acquisition of 50% equity in Legacy Iron Ore, a listed entity in the Australian Stock Exchange, for AUD18.9 million (INR108.31 crore at current exchange rates). 

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