Government of India 12.82% offer for sale in Bharat Dynamics
The Government sold a further stake in missile maker Bharat Dynamics through a stock exchange offer for sale.
- Company
- Bharat Dynamics (BDL)
- Type
- Stake sale
- Status
- Completed
- Date
- 9 Sep 2020
- Value
- INR 7.71bn
- US$ equivalent
- US$104m
- Value basis
- ₹771.46 crore to the Government for 12.82% of BDL, including the employee offer; government holding cut to 74.93%
- Region
- India
- Segment
- Listed equity
Parties
- Government of India (Ministry of Defence) seller
Key terms
- Stake sold
- 12.82% (offer for sale and employee offer)
- Offer for sale
- 8-9 Sep 2020
- Floor price
- ₹330 a share
- Government holding after
- 74.93%
Sources
- DIPAM: disinvestment receipts 2020-21 dipam.gov.in · 2021
- BSE: offer for sale details, Bharat Dynamics Ltd m.bseindia.com · 8 Sep 2020
Record DEF-INV-2020-0018. Investments are kept apart from the financings register and never counted in debt totals.
