NLC India OFS now open for subscription at discount of 9.73%, check floor price and other details

The government is selling its 3 per cent stake in NLC India Limited, a public sector company engaged in lignite mining and power generation, through an offer for sale (OFS) at a price of Rs 303 per share. The offer for sale opened for non-retail investors today, i.e. on June 9 and has witnessed a strong participation. Non-retail investors bid for over 3.18 lakh shares, representing 127.62 per cent of the 2.49 crore shares reserved for them, at an indicative price of Rs 307.16 a share. Bidding will continue until the close of market hours. The OFS will be available for retail investors on Wednesday.