Bhel shares plunge 6%! Why is it falling after Rs 4,422 cr OFS opens for subscription?
BHEL shares dipped as the government launched an Offer for Sale, aiming to divest up to 5% stake and raise approximately Rs 4,422 crore. The floor price is set at Rs 254 per share. This move follows BHEL's impressive Q3 results, which saw a 206% surge in net profit, driven by enhanced execution and revenue growth.
DNA News Desk
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BHEL shares dipped as the government launched an Offer for Sale, aiming to divest up to 5% stake and raise approximately Rs 4,422 crore. The floor price is set at Rs 254 per share. This move follows BHEL's impressive Q3 results, which saw a 206% surge in net profit, driven by enhanced execution and revenue growth.
