The President of India, acting through and represented by the Ministry of Coal, Government of India has informed the Exchange about an announcement with respect to offer for sale through Stock Exchange Mechanism for sale upto 2,77,32,732 Equity shares of face value of INR 10/- each of NLC India Limited. Date and time of the opening of the offer for Non-Retail Investors: June 09, 2026 at 9:15 a.m.; Date and time of the closing of the offer for Non-Retail Investors: June 09, 2026 at 3:30 p.m.; Date and time of the opening of the offer for Retail Investors: June 10, 2026 at 9:15 a.m.; Date and time of the closing of the offer for Retail Investors: June 10, 2026 at 3:30 p.m. The Sale shall continue to take place on a separate window of the Stock Exchanges commencing at 9:15 a.m. and shall close at 3:30 p.m. (Indian Standard Time) on the same date. The Floor Price for the Offer shall be INR 303/- (Rupees Three Hundred and Three only).
NLCINDIA · price
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The Government of India, acting through the Ministry of Coal, will sell up to 2.77 crore equity shares of NLC India Limited through the Stock Exchange OFS mechanism. The floor price has been fixed at INR 303 per share, with a face value of INR 10 each. Non-retail investors can bid on June 9, 2026 (9:15 AM to 3:30 PM), while retail investors can participate on June 10, 2026 (9:15 AM to 3:30 PM). This is part of the government's broader disinvestment programme to dilute its stake in the public sector company.
The sale increases the floating supply of shares in the market, which can create short-term price pressure near the OFS window. However, retail investors get a direct opportunity to buy government-held shares at the floor price without worrying about the promoter's motivation, since the seller is the government.