BEL stake sale begins today; floor price Rs 1,498

Industry:    2017-02-22

The government will begin on Wednesday five per cent stake sale in state-owned aerospace and defence company Bharat Electronics Ltd to raise about Rs 1,600 crore.

The sale of 11.1 million shares will be at a minimum price of Rs 1,498 apiece, four percent discount to today’s closing price of BEL on BSE.

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