Shares of NLC India fell 4.6 per cent in early trade on Tuesday after the government announced an offer-for-sale (OFS) to divest up to a 3 per cent stake in the company at a discount to the prevailing market price.The stock fell to a low of ₹320 and was trading at ₹323.55 on the NSE at 10.24 am. The government has set a floor price of ₹303 per share for the OFS, implying a discount of 9.73 per cent to NLC India’s previous closing price of ₹335.65 on the BSE.The OFS opened on Tuesday for non-retail investors and will open on June 10 for retail investors. The government plans to sell a base stake of 2 per cent, with an additional 1 per cent green shoe option in case of oversubscription.Department of Investment and Public Asset Management Secretary Arunish Chawla said on X that NLC India continues to offer a compelling long-term investment opportunity backed by strong operational and financial performance, consistent returns and attractive dividends.Government of India announces OFS in NLC India Limited (Neyveli Lignite Corporation) with a base offer of 2% of its equity and an additional 1% Green Shoe Option in case of oversubscription. Floor price fixed at ₹303 per share. OFS opens for non-retail investors on 09 June 2026… pic.twitter.com/0suTPX6rk5— Secretary, DIPAM (@SecyDIPAM) June 8, 2026The stake sale is part of the government’s broader disinvestment programme. So far in the current fiscal, government has raised ₹12,166 crore through minority stake sales in public sector companies, including Coal India, NHPC and Central Bank of India.Published on June 9, 2026