NLC India Shares Surge 2% on Subsidiary Listing Approval, Interim Dividend Declared
Business
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Moneycontrol•13-01-2026, 09:18
NLC India Shares Surge 2% on Subsidiary Listing Approval, Interim Dividend Declared
- •NLC India's share price rose 2% in early trade after its board approved the listing of its wholly-owned subsidiary, NLC India Renewables Ltd (NIRL).
- •The board gave in-principle approval for NIRL's listing through dilution of up to 25% equity stake via a public offer.
- •An investment of up to ₹66.60 crore in NIRL was also approved to fund green energy projects.
- •NLC India declared an interim dividend of 36% (Rs 3.60 per equity share) for FY 2025–26, with January 16, 2026, as the record date.
- •The stock is currently trading 12.49% below its 52-week high and 37.66% above its 52-week low.
Why It Matters: NLC India's strategic moves, including subsidiary listing and dividend, boost investor confidence.
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