NLC India Ltd. shares are likely to remain in focus after market regulator filings showed that the Government of India has announced an Offer for Sale (OFS) in the state-run mining and power company. The OFS was announced after market hours on June 8.
Under the proposed stake sale, the government will offer a base issue size of 2% of NLC India’s equity share capital, along with an additional 1% greenshoe option that may be exercised in the event of strong investor demand and oversubscription.
The floor price for the OFS has been fixed at ₹303 per share, representing a discount to the stock’s latest closing price.
The offer will open for non-retail investors on June 9, 2026, while retail investors will be able to bid on June 10, 2026.
NLC India shares ended Monday’s trading session at ₹335.75 apiece on the NSE, down ₹0.85 or 0.25% from the previous close of ₹336.60. During the session, the stock touched an intraday high of ₹342.90 and a low of ₹331.55.
The government currently remains the majority shareholder in NLC India, and the OFS is part of its broader disinvestment and stake monetisation programme. Similar stake sales have been undertaken in recent years across several public sector enterprises to improve public shareholding and raise resources.
NLC India, formerly known as Neyveli Lignite Corporation, is engaged in lignite mining, thermal power generation, renewable energy and related businesses. The company has been expanding its renewable energy portfolio while continuing to maintain a strong presence in conventional power generation.
According to the government’s announcement, NLC India continues to deliver strong operational and financial performance, along with regular dividend payouts to shareholders. The OFS provides investors an opportunity to participate in the company at the designated offer price while helping the government meet its disinvestment objectives.
Investors will closely watch subscription levels and institutional participation when the OFS opens on June 9, as demand for the issue could influence the stock’s near-term trading trend.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice. Investors should consult financial advisors before making any investment decisions.