Government Moves to Sell 3% Stake in NLC India

The Indian government has initiated a two-day offer for sale (OFS) to divest up to 3% of its stake in NLC India. This sale includes a base offer along with a greenshoe option, designed to attract investors. The shares are being offered at a price below the current market rate, with the potential to generate up to Rs 1,263 crore as part of its ongoing disinvestment strategy.