NMDC demerger: Bid for sale of steel unit likely to start in December | Zee Business (zeebiz.com)
According to this article, the new steel plant is valued at 21000 cr
And NMDCs mcap is 35000 cr. So the iron ore business is valued at 14000 cr, of which they have 8000 cr in cash…So at present valuations, NMDC is like very very undervalued? What am i missing?
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