The board of directors of Bharat Heavy Electricals Ltd has recommended the disinvestment of 5 per cent of the paid-up equity of BHEL, out of the Government of India's shareholding.The government currently holds 67.72 per cent equity in BHEL. This stake sale in BHEL is likely to yield the government about 4,500 crore rupees at existing market prices. BHEL, meanwhile, has also decided to split its equity shares of 10 rupees face value into five equity shares of 2 rupees each.
News On AIR | May 23, 2011 5:56 PM