Shareholding9 Jun 2026, 05:31 pm
NLC India: Promoter Sells 3% Stake via Offer for Sale
AI Summary
NLC India Ltd announced an Offer for Sale (OFS) by its promoter, the President of India, acting through the Ministry of Coal. The offer initially proposed to sell 2.00% of paid-up equity (2,77,32,732 shares) on June 9, 2026, for non-retail investors, and on June 10, 2026, for retail investors and employees. The company intends to exercise the oversubscription option to sell an additional 1.00% (1,38,66,366 shares), bringing the total offer size to 3.00% (4,15,99,098 shares). Approximately 10% of the offer shares (41,59,911 shares) are allocated for retail investors, and up to 25,000 shares for employees.
Key Highlights
- Promoter (President of India) to sell 3% stake in NLC India.
- Total offer size is 4,15,99,098 equity shares.
- Offer includes a 2% base size and a 1% oversubscription option.
- Retail investors allocated 10% of the offer size.
- Employee offer of up to 25,000 shares included.
Price Impact
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