NLC India Shares Slide After Government Announces 3% OFS

Shares of $NLCINDIA fell more than 3.5% during the morning session on June 9, 2026, after the Government of India announced plans to divest up to a 3% stake through an Offer for Sale (OFS). The floor price has been set at ₹303 per share, representing a discount to the previous market price. The OFS opens on June 9 for non-retail investors, while retail investors can participate on June 10. Market participants reacted cautiously to the stake sale announcement, leading to selling pressure on the stock in early trade. Investors will closely monitor subscription demand and price movement in the coming sessions. Disclaimer: Investments in securities are subject to market risk. This is for educational purposes only. Investors must verify information before investing and consider their financial position & risk profile.