The government plans to offload a 7% stake in NLC India through an offer-for-sale (OFS), including a green shoe option of 2%. The OFS, opening for non-retail investors on Thursday and for retail investors on March 11, aims to raise around ₹2,058 crore. The floor price is set at ₹212 per equity share, at a discount to the closing price of ₹226.7 apiece on Wednesday.
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