Shareholding8 Jun 2026, 09:31 pm
NLC India: Promoter to Sell Up to 3% Stake
AI Summary
The President of India, through the Ministry of Coal, plans to sell up to 2.00% of NLC India Ltd's paid-up equity shares, equivalent to 2,77,32,732 shares. This Offer for Sale (OFS) will be conducted via the stock exchange mechanism. An additional 1.00% stake (1,38,66,366 shares) can be sold if oversubscribed, bringing the total potential divestment to 3.00%. The sale for non-retail investors is scheduled for June 9, 2026, and for retail investors on June 10, 2026. A separate employee offer of up to 25,000 shares is also planned.
Key Highlights
- Promoter plans to sell up to 3% stake in NLC India Ltd.
- Offer for Sale (OFS) to be conducted on June 9-10, 2026.
- Up to 2.00% base offer size, with an option to sell an additional 1.00%.
- Separate offer for eligible employees is also included.
- Sale to be executed through stock exchange mechanism.
Price Impact
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