Shareholding8 Jun 2026, 08:31 pm
NLC India: Promoter to Sell up to 3% Stake via OFS
AI Summary
NLC India Ltd announced that its promoter, the President of India (acting through the Ministry of Coal), plans to sell up to 3% of the company's equity shares through an Offer for Sale (OFS) on the stock exchanges. The sale will occur over two days: June 9, 2026, for non-retail investors, and June 10, 2026, for retail investors and employees. The base offer size is 2.00% (2,77,32,732 shares), with an option to sell an additional 1.00% (1,38,66,366 shares). An additional 25,000 shares may be offered to employees. This move is in line with SEBI and stock exchange guidelines for OFS.
Key Highlights
- Promoter (President of India) to divest up to 3% stake in NLC India.
- Offer for Sale (OFS) to be conducted on BSE and NSE.
- Sale scheduled for June 9 (non-retail) and June 10 (retail/employees).
- Base offer size is 2.00%, with an option to increase by 1.00%.
- Up to 25,000 shares may be offered to employees.