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India to sell up to 3% of NLC India via OFS at ₹303 floor price

The Ministry of Coal will offload up to 4,15,99,098 shares of NLC India in a two-day OFS starting June 9, with a ₹303 per share floor.

08 Jun 2026 Effective June 09, 2026 Affects: The President of India (Ministry of Coal) is the seller; NLC India shareholders and potential investors are the buyers.

What changed

The government is selling up to 2.00% of NLC India's equity via OFS, with an option to add another 1.00%.
The floor price is ₹303 per share against a face value of ₹10.
Retail investors and employees can bid on June 10; non-retail investors bid on June 9.

The read

This is a routine but sizable government stake sale. The Ministry of Coal will sell up to 2.00% of NLC India's equity, with an oversubscription option to push that to 3.00% or 4,15,99,098 shares. The floor price is set at ₹303 per share. The two-day window splits non-retail investors on June 9 and retail investors and employees on June 10. For a PSU under the coal ministry, this is a standard disinvestment tactic to meet annual stake-sale targets while managing market impact by offering a dedicated retail window.

NLC India LimitedMinistry of Coal₹303 floor price

Primary source: official circular (PDF)