NLC India up as government to exercise oversubscription option in stake sale

NLC India

11/03/2024 06:29

** Shares of state-owned NLC India  NLCI.NS  up 6.22% to
232.4 rupees
    ** Coal miner says government to exercise oversubscription
option to extent of up to 27.7 mln shares of co for the proposed
offer for sale
    ** Co also signs MoU with government of Rajasthan for
formation of JV for adding thermal, renewable capacity
    ** Stock jumped 194% in 2023, closing third straight year of
gains

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))