 "Bharat Electronics falls 3% as its 5% stake sale begins today")
Shares of Bharat Electronics fell as much as 3.2% to Rs 1,510 during the early morning trade as government will begin to sell its 5% stake in the company today.
The sale of 11.1 million shares will be at a minimum price of Rs 1,498 apiece, 4% discount to Feb 20 closing price of BEL on BSE. The stake sale is expected to raise about Rs 1,600 crore.
At 10:06 am, the stock was trading 2.2% lower at Rs 1,525 on BSE Sensex. It has reached a high and low of Rs 1,527 and Rs 1,510 respectively. The
The sale of 11.1 million shares will be at a minimum price of Rs 1,498 apiece, 4% discount to Feb 20 closing price of BEL on BSE. The stake sale is expected to raise about Rs 1,600 crore.
At 10:06 am, the stock was trading 2.2% lower at Rs 1,525 on BSE Sensex. It has reached a high and low of Rs 1,527 and Rs 1,510 respectively. The
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