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Government to sell up to 5% in NLC India through OFS

25 Oct 2017 Evaluate

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.



NLC India Share Price

320.20 -5.30 (-1.63%)
25-Jun-2026 16:59 View Price Chart
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