New Delhi. The Central Government on Tuesday started the process of selling three per cent stake in its Navratna company NLC India Limited through ‘Offer for Sale’ (OFS). For this, the floor price of Rs 303 per share has been fixed.
According to the company, this offer for sale (OFS) is opening for non-retail investors today, while it will be available for retail investors on Wednesday. NLC India shares will be sold at a price of Rs 303 per share. This is 9.73 per cent lower than Monday’s closing price of Rs 335.65 per share on Bombay Stock Exchange (BSE).
Arunish Chawla, Secretary, Department of Investment and Public Asset Management (DIPAM), wrote in a post on ‘X’ that the Government of India announces the sale of basically two per cent stake in NLC India Limited through an offer for sale.
DIPAM Secretary said that in case of higher bids, there is also an option to keep one percent ‘green shoe’ option. Chawla said that with strong operational and financial performance, consistent returns and attractive dividends, NLC offers an attractive long-term investment opportunity.
The central government has so far raised Rs 12,166 crore by selling minority stake in public sector undertakings in the current financial year 2026-27. These include Rs 5,542 crore from Coal India, Rs 4,357 crore from NHPC and Rs 2.27 crore from Central Bank of India.
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