The government will sell up to 5% stake at a floor price of Rs 94 per share in NLC India through a two-day Offer for Sale (OFS) beginning from October 25. The government is selling 3% in the company, with a green-shoe option to sell another 2% in the OFS. The 5% stake sale would fetch about Rs 800 crore to the exchequer.
NLC India is engaged in the business of lignite mining and power generation. At present, the company has four opencast lignite mines.
| Company Name | CMP |
|---|---|
| NTPC | 352.15 |
| Tata Power | 389.05 |
| Power Grid Corpn. | 283.95 |
| Adani Power | 229.25 |
| Torrent Power | 1412.40 |
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