Moneycontrol PRO

BHEL's Rs 1,628-cr buyback offer to open on December 13

The offer to buy 18.93 crore equity shares representing 5.16 percent paid-up equity share capital of the company will close on December 27, the company said in a BSE filing.

December 05, 2018 / 07:44 PM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

State-owned power equipment maker BHEL on December 5 said its share buyback offer worth Rs 1,628 crore would open on December 13.

The offer to buy 18.93 crore equity shares representing 5.16 percent paid-up equity share capital of the company will close on December 27, the company said in a BSE filing.

The buyback would be done through the tender offer route, it added. The price has been fixed at Rs 86 per equity share of face value Rs 2 each.

The board approved the offer on October 25 and made public announcement in this regard on October 26.

Bharat Heavy Electricals (BHEL) had fixed November 6 as the record date to determine the entitlement and names of the eligible shareholders who can participate in the buyback.
PTI
first published: Dec 5, 2018 07:31 pm
Sections
ISO 27001 - BSI Assurance Mark