BHEL: A big update is coming out regarding BHEL, which is included among the Maharatna PSUs of the country. According to ET NOW Digital, the government Offer-for-Sale (OFS) through BHEL Has announced to sell 3% stake. In which there is an option to sell another 2 percent at the floor price of Rs 254 per share. The OFS, which aims to increase market liquidity and increase public shareholding, will take place on February 11-12. In which retail bids will be allowed on T+1 basis. According to DIPAM Secretary Arunish Chawla, BHEL OFS will open for non-retail investors tomorrow. Retail investors can bid in BHEL OFS on Thursday. Government will sell 3% stake in BHEL through OFS. BHEL OFS includes 2% green shoe option.
BHEL: Big step by the government! Preparation to sell 3% stake of Maharatna PSU through OFS – Market
