Key Points
The government will offload a 7% stake in state-run lignite producer NLC India through the offer-for-sale (OFS) route, which includes a green shoe option of 2%, a top official said on Wednesday...
The OFS opens on Thursday for non-retail investors, while retail ones can bid on March 11, Department of Investment and Public Asset Management (DIPAM) secretary Tuhin Kanta Pandey said in a post on X (formerly Twitter)...
The promoter (government) intends to sell up to 69,331,830 equity shares with a face value of Rs 10 each, representing 5% of the total paid-up equity share capital to only non-retail investors on Thursday, according to a coal ministry filing with stock exchanges...
Additionally, the government proposes to sell 27,732,732 equity shares, representing another 2% stake, to retail investors and those non-retail ones who choose to carry forward their un-allotted bids..
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