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Government Gets Over Rs. 1,600 Crore Via BEL Stake Sale

Government Gets Over Rs. 1,600 Crore Via BEL Stake Sale

Friday, February 24, 2017, 5:12 PM

The government raised over Rs 1,600 crores from its 5% stake sale in Bharat Electronics Ltd (BEL), after retail investors bid for more than 3.6 times the shares offered to them. According to the NSE data, retail investors bid for over 81.87 lakh shares, or 3.67 times of the 22.33 lakh shares on offer. The government currently holds 74.41% in BEL.
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