2 months ago
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ARTICLE AD BOX
Shares of Bharat Heavy Electricals Ltd (BHEL) fell 6% successful aboriginal commercialized connected Wednesday, aft the authorities announced an Offer for Sale (OFS) to trim its involvement successful the company. On NSE, the Bhel banal was down 16 points oregon 5.80% to 260.10 astatine 11:20 am.
On the Bombay Stock Exchange, the stock terms was 5.74% down to 260.2, sheding 15 points. The Centre plans to merchantability up to 5% of its holding and whitethorn rise astir Rs 4,422 crore if the full connection is subscribed astatine the level price. The level has been fixed astatine Rs 254 per share, which is 8% little than Tuesday’s closing terms of Rs 276.05. The merchantability volition commencement with a 3% stake, however, the authorities tin merchantability an further 2% done a greenshoe option, successful lawsuit the contented is oversubscribed.
The basal connection includes much than 10.44 crore shares, portion the other information covers implicit 6.96 crore shares. In total, 17.41 crore shares could beryllium sold. Non-retail investors tin bid connected Wednesday portion retail investors volition get their accidental to bid connected Thursday, according to ET. The authorities presently holds 63.17% successful BHEL but whitethorn autumn depending connected however overmuch of the OFS is taken up. With this transaction, the Centre’s full disinvestment proceeds from nationalist assemblage undertakings successful the existent fiscal twelvemonth basal astatine Rs 8,768 crore.
The involvement merchantability comes aft BHEL posted a beardown acceptable of numbers for the 4th ended December 2025. The institution reported a nett net of Rs 382 crore, compared with Rs 125 crore successful the aforesaid play past twelvemonth — a emergence of 206% twelvemonth connected year. The betterment was driven by amended execution and operating leverage. Revenue from operations accrued 16% to Rs 8,473 crore from Rs 7,277 crore a twelvemonth earlier, pointing to improved task enactment and a stronger bid pipeline. Total income, including different income, roseate to Rs 8,700 crore from Rs 7,393 crore successful the year-ago quarter.
