NLC India Shares Climb 2% as Board Approves Subsidiary Listing and ₹3.60 Interim Dividend

dia Ltd rose nearly 2% in early morning trade today after the company's board approved the listing of its wholly-owned subsidiary, NLC India Renewables Ltd (NIRL), and declared an attractive interim dividend. At 09:16 AM IST, NLC India was trading at ₹260.95 on the BSE, up ₹5.10 or 1.99% from the previous close, outperforming the broader market. In a regulatory filing, the company announced that its board has granted in-principle approval for the listing of NIRL through an offer for sale or fresh issue, involving dilution of up to 25% equity stake in one or more tranches via a public offer. The move is subject to requisite regulatory and statutory approvals. The board also greenlit an investment of up to ₹66.60 crore in NIRL through subscription to equity shares at face value, to be made in tranches. This capital will support green energy projects executed via joint venture companies, further strengthening NLC India's renewable energy portfolio. Adding to the positive sentiment, the board declared an interim dividend of 36%, equivalent to ₹3.60 per equity share (face value ₹10) for FY 2025–26. The record date for the dividend has been fixed as January 16, 2026.