HomeNewsBusinessStocksGovernment selects 4 merchant bankers for BHEL FPO

Government selects 4 merchant bankers for BHEL FPO

Bharat Heavy Electricals (BHEL) touched an intraday high of Rs 1,991.80 and an intraday low of Rs 1,964. At 10:06 hrs the share was quoting at Rs 1,967.80, down Rs 10.25, or 0.52%.

July 20, 2011 / 10:21 IST
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Bharat Heavy Electricals (BHEL) touched an intraday high of Rs 1,991.80 and an intraday low of Rs 1,964. At 10:06 hrs the share was quoting at Rs 1,967.80, down Rs 10.25, or 0.52%.


According to Sources, the government has selected 4 merchant bankers for BHEL FPO. Merrill Lynch, I-Sec, Morgan Stanley and Kotak Sec are going to advise government on FPO, reports CNBC-TV18, quoting NewsWire18.
The government will sell 5% stake in BHEL via FPO.
 
It was trading with volumes of 8,572 shares. In the previous trading session, the share closed up 0.12% or Rs 2.30 at Rs 1,978.05.

Share Price Movement During The Last 12 Months
PeriodPriceLatest PriceGain/Loss (Rs.)% Gain/Loss
3-Days1923.851967.8043.952.28
5-Days1938.601967.8029.201.51
7-Days1937.501967.8030.301.56
15-Days2045.701967.80-77.90-3.81
1-Month1918.951967.8048.852.55
3-Month2135.601967.80-167.80-7.86
6-Month2181.451967.80-213.65-9.79
9-Month2499.601967.80-531.80-21.28
1-Year2415.001967.80-447.20-18.52
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first published: Jul 20, 2011 10:18 am

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