NLC Divestment
Govt to exercise greenshoe option to sell extra 1% stake in NLC India's OFS
This story was originally published at 18:14 IST on 9 June 2026
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--Govt to exercise 1% green shoe option in NLC India OFS
MUMBAI – NLC India Ltd. on Tuesday said the government will exercise a greenshoe option to sell an additional 1% stake in the company through the offer for sale. The government had offered to sell up to a 3% stake in the company through the offer for sale, with a base issue size of 2% and a greenshoe option of 1%.
The offer for sale, which opened on Tuesday for non-retail investors, will open for retail investors on Wednesday. The floor price for the offer for sale has been fixed at INR 303 per share.
The government currently holds 72.20% stake in NLC India. With the government exercising the greenshoe option, its stake will go down to 69.20%. If the government sells its entire 3% stake in the company, it could raise up to INR 13 billion at the floor price.
The OFS will also help the government shore up its capital receipts. The government has begun disinvestment and asset monetisation on a strong footing in 2026-27 (Apr-Mar), raising over 23% of its full-year target in just over two months. The government has collected INR 185.33 billion from miscellaneous capital receipts so far, nearly one-fourth of the INR 800 billion target set in the Budget for FY27.
The government collected INR 121.66 billion so far in FY27 from stake sales in Central Bank of India, Coal India Ltd., and NHPC Ltd., data showed.
On Tuesday, shares of NLC India ended 2.4% lower at INR 327.75 on the National Stock Exchange. For the March quarter, NLC India reported a consolidated net profit of INR 13.93 billion on revenues of INR 50.42 billion. End
Reported by Gopika Balasubramanium
Edited by Saji George Titus
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