NLC India OFS, June 9 -- The Government on Monday unveiled an Offer for Sale (OFS) in NLC India Ltd, formerly known as Neyveli Lignite Corporation, offering up to a 3% stake in the state-run company, including a green shoe option. The move comes on the back of successful stake sales in NHPC, Coal India and Central Bank of India, as the government continues to push ahead with its disinvestment programme in FY27.

The OFS consists of a base offer of 2% equity and an additional 1% green shoe option that can be exercised in the event of strong investor demand. The floor price for the issue has been fixed at Rs.303 per share.

The offer opens for non-retail investors on June 9, while retail investors will be able to participate on June 10. The...