Government Promoter Sells Stake in NLC India Limited; Details of OFS Disclosures Emerge
NLC India Limited, a key Navratna enterprise, has disclosed significant details regarding the sale of equity shares by the Government of India. The transaction pertains to an Offer for Sale (OFS) executed over two days. This strategic divestment by the Ministry of Coal highlights continuous changes in promoter holdings.Details of Equity Share Sale by Promoter
The disclosure made under SEBI PIT Regulations, 2015, details the sale of equity shares through a formal Offer for Sale mechanism. The promoter entity is The President of India, acting through and represented by the Ministry of Coal, Government of India.The initial holding of this promoter category was substantial, standing at 1,00,11,56,562 equity shares, which accounted for 72.20% of the paid-up equity share capital. The sale transaction involved disposing of 3,77,93,155 Equity Shares. This disposal represented a decrease equivalent to 102.73% of the total paid-up equity share capital.
Financial and Transaction Parameters
The Offer for Sale (OFS) was conducted over two days, specifically from June 9, 2026, to June 10, 2026. The transaction was executed through a stock exchange mechanism.The total gross consideration realized from the disposal of these shares amounted to approximately ₹12,24,98,34,704.07. The sale was conducted concurrently on both the National Stock Exchange of India Limited (NSE) and BSE Ltd., confirming its dual-exchange listing status for this transaction type.
Post Transaction Shareholding Status
Following the concluded sale, the promoter entity has updated its shareholding structure. The pre-disposal holding stood at 72.20% of the paid-up equity share capital.The current reported holding stands at 96,33,63,407 Equity Shares. This represents a post acquisition/disposal stake equivalent to 69.47% of the paid-up Equity Share capital of NLC India Limited. The company maintains its commitment as a significant promoter entity despite the divestment.
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