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(09/06/2026 10:26)

Govt's 3% OFS in NLC India Sees Steady Response from Institutional Investors

The government's offer for sale (OFS) of up to 3% stake in NLC India Limited opened for subscription on Tuesday and witnessed encouraging participation from non-retail investors.

During the initial phase of bidding, institutional investors placed bids for more than 1.09 lakh shares, accounting for 0.44% of the 2.49 crore shares reserved for the non-retail category. The indicative bid price stood at ?304.92 per share.

The bidding process for non-retail investors will remain open until market close, with the government aiming to divest part of its holding in the state-run mining and power company through the OFS route.
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