BHEL shares decline 6% on government stake sale announcement
after close1 source ↓written by the desknot a recommendation
- to ₹259.25
- 6.1%
- via an Offer
- 5% stake sale
- per share
- ₹254
- equity disinvestment
- 3%
- green shoe option
- 2%
Shares of Bharat Heavy Electricals Ltd (BHEL) fell 6.1% to ₹259.25 on the NSE after the government announced a 5% stake sale via an Offer For Sale starting Wednesday. The floor price is set at ₹254 per share, with a 3% equity disinvestment and an additional 2% green shoe option. This move may impact investor sentiment in the near term.
Not investment advice. For informational purposes only.