Shareholding11 Jun 2026, 05:01 pm
President of India Sells 2% Stake in NLC India Ltd
AI Summary
The President of India, through the Ministry of Coal, is divesting 2.00% of its paid-up equity in NLC India Ltd, amounting to 2,77,32,732 shares. This Offer for Sale (OFS) is being conducted on June 9-10, 2026, with an option to oversubscribe by an additional 1.00%. The sale aims to comply with SEBI Takeover Regulations and is executed through a designated window on the BSE and NSE. The Seller is a promoter of NLC India Ltd, holding a significant pre-sale stake of 72.20%.
Key Highlights
- President of India to sell 2% stake in NLC India Ltd via OFS.
- Offer includes an option to sell an additional 1% stake.
- Sale is conducted on June 9-10, 2026, for non-retail and retail investors.
- Seller is the promoter, holding 72.20% stake before the sale.
- Transaction complies with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Price Impact
More from NLCINDIA