Government sale of 3% stake in NLC India opens up subscription option

NLC India Limited. File | Photo credit: Kumar SS

The government’s offer to sell up to 3% stake in NLC India got off to a smooth start on Tuesday (June 9, 2026) with strong participation from non-retail investors.

Non-retail investors bid over 1.09 lakh shares, representing 0.44% of the 2.49 million shares allotted to them, at an indicative price of ₹ 304.92 per share.

The auction will continue until the end of the opening hours.

The government is selling about 4.16 million shares or up to 3% stake in NLC India (Neyveli Lignite Corporation) at a floor price of ₹303/share.

The share sale includes a base offering size of 2% and an additional 1% green shoe option in the event of oversubscription.

If fully subscribed, the stake sale would bring in about ₹ 1,200 crore to the exchequer at a floor price.

The floor price represents a 9.73% discount to NLC India’s closing price of ₹ 335.65 per share on BSE on Monday (June 8, 2026).

Shares of NLC India were trading at ₹ 322.25, down 3.95% from Monday’s (June 08, 2026) close on BSE.

The Offer for Sale (OFS) opens for retail investors on June 10.

The government currently owns 72.20% in NLC India.

In the current fiscal, the government has so far cleared ₹12,166 crore by selling minority stakes in PSUs. This includes ₹5,542 crore from Coal India, ₹4,357 crore from NHPC and ₹2,266 crore from the Central Bank of India.

Published – 09 Jun 2026 11:24 IST