The government has selected four merchant bankers for the follow-on public offer of BHEL, reports CNBC-TV18 quoting sources of NW18.
As a part of Rs 40,000 crore divestment programme for FY12, government is going to sell 5% stake in BHEL via FPO.
CNBC-TV18 learnt that Merrill Lynch, I-Sec, Morgan Stanley and Kotak Securities will advise government on this FPO.
At 11:41 hours IST, the share was trading at Rs 1,970.00, down Rs 8.05, or 0.41%, with volumes of 13,523 shares. Market capitalisation of the company stands at Rs 96,435.44 crore.
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