Tag Archives: India

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BEL OFS got an enthusiastic participation both from retail and the non-retail investors including domestic institutional investors and foreign institutional investors; BEL Issue got over-subscribed by 367 % in Retail Category and 234% in Non-retail Category; Government of India is likely to get the receipt of Rs. 1670 crore (approx.) from BEL OFS issue.

The Government of India proposed to disinvest 5% of paid-up equity capital-out of its shareholding of 74.41% in BEL through Offer for Sale (OFS) mechanism. BEL is a Navratna Company under the administrative control of Ministry of Defence and is engage… read more