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Friday, 24 February 2017

Centre Garners Over Rs 1,600 Crore On BEL Stake Sale

In one of the most successful instances of its disinvestment drive, the Union government on Thursday raised over Rs 1,600 crore from the sale of 5 per cent stake in Bharat Electronics Ltd (BEL) after retail investors oversubscribed the shares on offer by more than 3.6 times. "There has been overwhelming response from the retail investors, with the issue being subscribed 367 per cent in the retail category," said a Finance Ministry statement.

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