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- Government eyes Rs 1,260cr from NLC divestment
TNN / Jun 09, 2026, 08:15 IST
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MUMBAI: The government would divest up to 3% (nearly 4.2 crore shares) in NLC India (formerly Neyveli Lignite Corp) through offer for sale on June 9 to mobilise at least Rs 1,260 crore.
Govt will offer nearly 2.8 crore shares (2% of the company) at a per-share floor price of Rs 303, almost 10% discount to the stock’s Monday close at Rs 333.75 on NSE.
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