The Indian government is set to sell up to a 7% stake in coal mining company NLC India, via an offer for sale (OFS) this week.
The goal is to raise around Rs. 2,200 crore (at current market prices).
The government plans to sell 5% of its share in the state-run firm, with the option to sell an extra 2% if demand is high. As of December 2023, the government owns a 79.2% stake in NLC India.
