Government 3% share sale in NLC India opens for subscription

The Indian government has initiated the sale of a 3% stake in NLC India, representing approximately 41.6 million shares. This divestment process is being conducted through an offer for sale mechanism with a floor price established at ₹303 per share. Institutional investors were the first to gain access to the subscription window, with retail participation scheduled to follow shortly thereafter. This move aligns with the administration's broader strategy to reduce its equity holdings in public sector enterprises. The company, formerly known as Neyveli Lignite Corporation, remains a key player in the nation's energy sector.

This share sale represents a significant step in the government's ongoing disinvestment program aimed at fiscal consolidation and reducing state ownership in public companies.