The President of India, represented by the Ministry of Coal, has successfully completed the sale of 2.00% of its paid-up equity in NLC India Limited. This Offer for Sale (OFS) took place on June 9 and June 10, 2026, through a designated window on the stock exchanges. The government also retained the option to sell an additional 1.00% stake. The transaction aimed to divest a portion of the government’s holding as part of its disinvestment strategy.
Government Divests Stake in NLC India Limited
The President of India, acting through the Ministry of Coal, Government of India (the “Seller”), has successfully executed an Offer for Sale (OFS) involving shares of NLC India Limited. The transaction, which occurred on June 9, 2026 (for non-Retail Investors) and June 10, 2026 (for Retail Investors and others), resulted in the sale of 2.00% of the company’s paid-up equity, equivalent to 2,77,32,732 equity shares.
Oversubscription Option and Employee Offer
In addition to the base offer, the Seller had the option to sell an additional 1.00% stake, comprising up to 1,38,66,366 equity shares, through an oversubscription option. This would have brought the total divestment to 3.00% of the company’s total issued and paid-up equity share capital. Furthermore, up to 25,000 equity shares were made available to eligible employees of NLC India Limited, with individual application limits.
Transaction Details and Compliance
The sale of equity shares was conducted through a separate designated window on the BSE Limited and the National Stock Exchange of India Limited, in accordance with the “SEBI Master Circular” and related stock exchange circulars. The disclosure is made in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The report details the seller’s holding before and after the acquisition/sale, indicating a reduction from 72.20% to 69.47% of the total equity share capital.
Holding Before and After Sale
Before the sale, the Seller held 1,00,11,56,562 equity shares, representing 72.20% of the total voting capital. Following the disposal of 3,77,93,155 equity shares (2.73% of the paid-up capital), the Seller’s post-sale holding stands at 96,33,63,407 equity shares, which translates to approximately 69.47% of the total equity share capital.
Source: BSE
