Shares of NLC India rose 12% as the government s offer for sale opened on NSE for retail investors today. The government plans to sell 5% stake at a floor price of Rs 212 per share. Apart from this, NLC India recently signed an MOU with the Rajasthan Government for a joint venture to set up power plants.
NLC India OFS: Retail investors and non-retail investors (who chose to carry forward their un-allotted bids) can bid in the NLC India OFS today. Data showed retail portion was subscribed 0.61 per cent at last count.