Indian government kicked off sale of up to 3% of its stake in NLC India (Neyveli Lignite Corporation) . Opened for subscription on Tuesday, June 9, 2026. About 4.16 crore shares on offer at floor price of ₹303 each,9.73% below previous day's close of ₹335.65 on Bombay Stock Exchange.
Non-retail investors already showing interest. Bidding for over 1.09 lakh shares,making up 0.44% of 2.49 crore shares set aside for them. Bidding open until market close. Base offer is 2% with extra 1% green shoe option if demand outstrips supply. Full subscription could bring in around ₹1,200 crore for government.
On BSE, NLC India shares trading at ₹322.25,down 3.95% from Monday's close . Retail investors get their shot starting June 10. Government currently holds 72.20% stake in NLC India.
This fiscal year,government has raised ₹12,166 crore through minority stake sales in public sector firms. Includes ₹5,542 crore from Coal India, ₹4,357 crore from NHPC, and ₹2,266 crore from Central Bank of India . What comes next…?
