https://www.taxtmi.com/news?id=4037 NMDC acquired a 50% equity stake in Legacy Iron Ore Limited through a Memorandum of Understanding and Share Subscription Agreement, receiving allotted shares and options which were approved for ASX trading. The transaction was funded from NMDC's internal accruals and paid in two tranches. As majority shareholder, NMDC obtained powers to reconstitute Legacy's Board, direct executive management and control delegation to the CEO, and retained control over the invested funds. Legacy is an ASX listed exploration company with JORC compliant inferred magnetite resources at Mt Bevan. en-us Fri, 23 Nov 2012 10:43:20 +0530 Fri, 23 Nov 2012 10:43:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4037 NMDC acquired a 50% equity stake in Legacy Iron Ore Limited through a Memorandum of Understanding and Share Subscription Agreement, receiving allotted shares and options which were approved for ASX trading. The transaction was funded from NMDC's internal accruals and paid in two tranches. As majority shareholder, NMDC obtained powers to reconstitute Legacy's Board, direct executive management and control delegation to the CEO, and retained control over the invested funds. Legacy is an ASX listed exploration company with JORC compliant inferred magnetite resources at Mt Bevan. News - Fri, 23 Nov 2012 10:43:20 +0530 https://www.taxtmi.com/news?id=4037