New Delhi, June 8 -- The Government of India on Monday announced an Offer for Sale (OFS) in state-run NLC India Limited, under which it will divest up to 3 per cent of its equity stake in the company.

Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla shared the details in a post on social media platform X, stating that the OFS comprises a base offer of 2 per cent equity and an additional 1 per cent Green Shoe Option, which may be exercised in the event of oversubscription.

The floor price for the share sale has been fixed at Rs 303 per share. The offer will open for non-retail investors on June 9, while retail investors can bid on June 10.

According to the offer structure, the government will initial...