Disinvestment of 5% paid up equity of Bharat Heavy Electrical Ltd.

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..... Disinvestment of 5% paid up equity of Bharat Heavy Electrical Ltd. - News and Press Release Dated:- 30-8-2011 - News - The Cabinet Committee on Economic Affairs today approved disinvestment of 5% .....

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..... paid up equity of Bharat Heavy Electricals Limited (BHEL), a Central Public Sector Enterprise (CPSE), engaged in execution of heavy engineering / electrical equipment manufacturing projects. This i .....

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..... s in line with the Government of India`s policy of enhancing people`s ownership in the CPSEs and enabling them to share in the growth and prosperity of these CPSEs. The Government will disinvest 5% eq .....

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..... uity in the company, out of its share holding of 67.72% through book building process in the domestic market. The paid up equity capital of the company is Rs.489.52 crore. BHEL is a listed Central .....

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..... Public Sector Enterprise. The Government has decided to allow 5% price discount to the retail investors as well to encourage greater public ownership of the public sector companies. Ten percent of the .....

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..... shares to be offered for sale through further public offer shall be reserved for the employees of the Company. Government has also decided to allow 5% price discount to the employees of the company. .....

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..... After this disinvestment Government of India shareholding in the company would come down to 62.72%. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmana .....

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..... gementindia.com - TMI - TaxTMI - TMITax .....

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