CCEA approves disinvestment of 5% in BHEL

The Cabinet Committee of Economic Affairs (CCEA) has approved disinvestment of 5% paid up equity of Bharat Heavy Electricals (BHEL) through follow-on public offer. Sale of shares will be done via book building process in the domestic market.

September 02, 2011 / 18:41 IST

26 Aug, 2025 12:21

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The Cabinet Committee of Economic Affairs (CCEA) has approved disinvestment of 5% paid up equity of Bharat Heavy Electricals (BHEL) through follow-on public offer. Sale of shares will be done via book building process in the domestic market.

Paid equity capital of the company stands at Rs 489.52 crore. Government holding in the company will fall to 62.72% post issue.

Retail investors and employees will be offered shares at 5% discount to final issue price. 10% of shares will be reserved for BHEL employees.

The share closed at Rs 1,737.00, down 1.74% on the BSE. Market capitalisation stood at Rs 85,029.62 crore.

first published: Sep 2, 2011 06:20 pm

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