Govt announces up to 3% divestment in NLC India; OFS floor price set at ₹303

The Government of India has announced an offer for sale (OFS) in NLC India Ltd, comprising a base offer of 2% equity and an additional green shoe option of 1% in the event of oversubscription, as per a post on X by the DIPAM secretary..

According to the announcement, 10% of the offer has been reserved for retail investors. The floor price for the OFS has been fixed at ₹303 per share.

Government

of India announces OFS in NLC India Limited (Neyveli Lignite Corporation) with a base offer of 2% of its equity and an additional 1% Green Shoe Option in case of oversubscription. Floor price fixed at ₹303 per share. OFS opens for non-retail investors on 09 June 2026… pic.twitter.com/0suTPX6rk5

— Secretary, DIPAM (@SecyDIPAM) June 8, 2026

The OFS will open for non-retail investors on Tuesday, June 9, while retail investors and eligible employees can bid on June 10.

The government said detailed terms and conditions of the offer will be provided in the OFS notice to be issued on the stock exchanges.

Earlier on May 25, NLC India had informed exchanges that it has signed a memorandum of understanding (MoU) with Nuclear Power Corporation of India Limited for the formation of a joint venture company to develop nuclear power projects in India.

The proposed collaboration will focus on development of 700 MW indigenous pressurised heavy water reactor (PHWR)-based nuclear power projects, along with other power reactor technologies of suitable capacity based on mutually agreed terms.

The partnership will also explore investment opportunities in NPCIL’s existing and upcoming 700 MW PHWR projects through the proposed JV structure.

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NLC India shares closed at ₹336.40 on the NSE on June 8, down marginally by ₹0.20, or 0.06%.

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