Government of India 5% offer for sale in Bharat Electronics
The Government sold 5% of defence electronics maker Bharat Electronics through a stock exchange offer for sale, part of its 2016-17 disinvestment programme.
- Company
- Bharat Electronics (BEL)
- Type
- Stake sale
- Status
- Completed
- Date
- 23 Feb 2017
- Value
- INR 16.73bn
- US$ equivalent
- US$257m
- Value basis
- ₹1,672.66 crore to the Government for 5.00% of BEL; government holding cut to 69.41%
- Region
- India
- Segment
- Listed equity
Parties
- Government of India (Ministry of Defence) seller
Key terms
- Stake sold
- 5.00%
- Method
- Offer for sale through the stock exchange, 22-23 Feb 2017
- Floor price
- ₹1,498 a share
- Government holding after
- 69.41%
Sources
- DIPAM: disinvestment receipts 2016-17 dipam.gov.in · 2017
- BSE: offer for sale details, Bharat Electronics Ltd m.bseindia.com · 22 Feb 2017
Record DEF-INV-2017-0005. Investments are kept apart from the financings register and never counted in debt totals.
