The government will sell up to 3% stake in state-owned NLC India Ltd through an offer for sale (OFS), with the floor price set at Rs 303 per share, nearly 10% below the stock’s closing price on Monday.The OFS will open to non-retail investors on Tuesday, while retail investors can submit bids on June 10, according to PTI.“The Government of India is announcing an OFS in NLC India Limited (formerly Neyveli Lignite) with a basic offer of 2 per cent of its equity and an additional green shoe option of 1 per cent in case of oversubscription,” Department of Investment and Public Asset Management (DIPAM) Secretary Arunesh Chawla said at X.The floor price of Rs 303 per share represents a 9.73% discount to NLC India’s closing price of Rs 335.65 on the BSE on Monday.The stake sale is part of the Centre’s ongoing disinvestment programme, which aims to raise resources through the sale of minority stakes in public sector undertakings.With strong operating and financial performance, consistent returns and attractive dividends, NLC continues to present a compelling long-term investment opportunity, Chawla said.The government has already raised Rs 12,166 crore through PSU quota sales in the current financial year.This includes Rs 5,542 crore from Coal India, Rs 4,357 crore from NHPC, and Rs 2,266 crore from the RBI.