Govt to sell up to 7% of NLC through OFS

NEW DELHI: The government will sell up to 7% of NLC India, a Navratna company under the Ministry of Coal, through an Offer for Sale to raise between R2,000 crore and R2,100 crore. The OFS in NLC India Ltd will launch on 7 March 2024, and will divest a total of 7% equity, including the 2% available under the greenshoe option. “The Offer for Sale in NLC India Limited opens tomorrow for non-retail investors. The government will divest 7% equity, including the 2% greenshoe option,” the Secretary of DIPAM posted on social media.