Bharat Heavy Electricals Limited (BHEL) will divest up to a 5 per cent equity stake through an offer for sale (OFS) comprising a base issue of 3 per cent with an additional 2 per cent green shoe option.
The offer is open for non-retail investors and for retail investors as part of the Government of India’s disinvestment programme for the current financial year. The divestment forms part of the central government’s disinvestment programme for the current financial year.