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BHEL FPO
Cabinet likely to ratify 4.66% stake sale in BHELThe Cabinet is likely to ratify tomorrow the decision to sell 4.66 per cent stake in power equipment maker BHEL through a block deal.- LIC buys 5.94% stake in BHELState-owned Life Insurance Corporation has bought government's 5.94 per cent stake in power equipment maker BHEL for Rs 2,685 crore.
- Heavy Industry Ministry not in favour of public offer for BHELHeavy Industries Minister Praful Patel today said the government was considering 5 per cent stake sale in the power plant equipment maker t...
- Growth in power sector will help cos like BHEL, L&T: Praful PatelA growth momentum in the power sector will help equipment manufacturers like BHEL and L&T, Praful Patel today said.
- EGoM clears 10% stake sale in Engineers India via FPOA ministerial panel on disinvestment today approved the sale of a 10 per cent stake in Engineers India through a follow-on public offer (FP...
- BHEL share sale not in this fiscal due to 'terrible scenario' in power sector: Praful PatelDisinvestment in Bhel will not happen in this financial year due to the "terrible scenario" in the power sector, Praful Patel said today.
- Time not ripe to bring BHEL FPO, says Praful PatelThe time is not ripe to bring the follow-on public offer (FPO) of state-run BHEL and the proposal needs to be examined again, Praful Patel ...
- Government to sell equity in PSUs like SAIL, MMTC; to get Rs 30,000 croreGovernment, finance secretary said, has identified about a dozen companies including NBCC, RINL, BHEL, HAL and HCL for share sale in next f...
- MF Global lowers price target on BHEL; maintaines ‘Sell’ ratingMF Global has maintained ‘Sell’ rating on BHEL but lowered its price target on worries that it may not be able to meet its order target.
- Not aware of govt selling stakes in private companies: Disinvestment SecretaryIn an interview with ET Now, Mohammad Haleem Khan, Disinvestment Secretary, talks about the disinvestment target. Excerpts:
- ONGC jumps 7% on FPO deferral: ReportsShares in ONGC surged over 7% in opening trade on Friday on reports, the government has decided to delay the share sale
- ONGC puts hold on its follow on share sale, no reason disclosedThe government had decided to delay the share sale, valued at around $2.5 billion due to poor market conditions, a source said.
- Timing of BHEL FPO dependent on market conditions: Praful PatelIn an interview with ET Now, Praful Patel, Minister for Heavy Industries & Enterprises, talks about the BHEL FPO. Excerpts:
- BHEL disinvestment to depend on market sentiment: Praful PatelThe Cabinet Committee on Economic Affairs (CCEA) yesterday approved five per cent FPO in the power-equipment major.
- It's a buy for BHEL: Ambareesh Baliga"There is a lot of value as far as BHEL is concerned and we continue buying."
- BHEL appoints ICICI Securities for its Rs 5,000-crore FPOBharat Heavy Electricals Limited has appointed ICICI Securities as one of the four merchant banks for its Rs 5,000-crore follow-on issue.
- Govt shortlists 17 bankers for BHEL follow-on public offerThe merchant bankers include ICICI Securities, SBI Caps and Goldman Sachs. The 5% disinvestment in BHEL would fetch over Rs 4,700 cr to gov...
- ABB looks good buy-back candidate: Ashwani GujralABB is much of a buyback type candidate and the only two trading stocks are probably BHEL and L&T.
- BHEL rules out FPO, govt may divest stake by open mkt saleState-run power equipment maker BHEL has ruled out any possibility of Follow-on Public Offer (FPO) and said the government may divest 10 pe...
- BHEL cash-surplus, govt may bring in FPO next fiscal: CMDState-run power equipment maker BHEL said its cash position is comfortable, but if the government wants to divest further equity through a ...
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