The government will sell up to a 7 per cent stake in NLC India at a floor price of Rs 212 per share in a two-day offer for sale beginning Thursday.
The Rs 2,000 crore OFS will open for institutional investors on Thursday and for retail investors on Monday. Friday is a market holiday on account of Maha Shivratri.
“Offer for sale in NLC India Limited opens tomorrow for non-retail investors. Retail investors can bid on Monday, 11th March. The government will divest 7 per cent equity including Green Shoe option of 2 per cent,” DIPAM Secretary Tuhin Kanta Pandey said on X.
