Divestment
Govt opens BHEL OFS: 5% stake on sale – here’s what you need to know
Mumbai/IBNS: The central government will sell a 5% stake in Bharat Heavy Electricals Ltd. (BHEL) through an Offer for Sale (OFS) starting Wednesday, according to media reports.
Initially, a 3% stake will be offered, with an additional 2% sale if the issue is oversubscribed.
Non-retail investors can subscribe from Wednesday, while retail investors will get their bidding window on Thursday, DIPAM secretary said on X.
The OFS price is set at Rs. 254 per share.
The divestment is expected to boost liquidity in the stock.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
