Govt to sell 15% stake in Bharat Dynamics via OFS
New Delhi: The Department of Investment and public Asset Management (DIPAM) will put 15 per cent of government stake on sale in Defence PSU Bharat Dynamics Ltd under the Offer for Sale (OFS) route and has invited merchant bankers to bid for the mandate to take it forward. The Gol intends to disinvest 15 per cent paid up equity capital of BDL out of its shareholding of 87.75 per cent, through OFS method of shares by promoters through the stock exchanges', DIPAM said. Its current share price is Rs 305.90. It was listed in 2018. It did not give a time frame but sources said the OFS is being planned for current fiscal. Disinvestment department is learnt to have drawn up a list of relatively better performing CPSEs including bluechips like Nalco, NMDC, NTPC, and Coal India to go for Offer for Sale. National Aluminium Co Ltd, Coal India Ltd, NTPC Ltd, NMDC Ltd, and NBCC (India) Ltd, Bharat Electronics Ltd, National Fertilisers Ltd and Hindustan Co pper Ltd, are on the list of probables for OFS where the government's shareholding in these companies is in the range of 52-82 per cent.
Govt to sell 15% stake in Bharat Dynamics via OFS
New Delhi: The Department of Investment and public Asset Management (DIPAM) will put 15 per cent of government stake on sale in Defence PSU Bharat Dynamics Ltd under the Offer for Sale (OFS) route and has invited merchant bankers to bid for the mandate to take it forward. The Gol intends to disinvest 15 per cent paid up equity capital of BDL out of its shareholding of 87.75 per cent, through OFS method of shares by promoters through the stock exchanges', DIPAM said. Its current share price is Rs 305.90. It was listed in 2018. It did not give a time frame but sources said the OFS is being planned for current fiscal. Disinvestment department is learnt to have drawn up a list of relatively better performing CPSEs including bluechips like Nalco, NMDC, NTPC, and Coal India to go for Offer for Sale. National Aluminium Co Ltd, Coal India Ltd, NTPC Ltd, NMDC Ltd, and NBCC (India) Ltd, Bharat Electronics Ltd, National Fertilisers Ltd and Hindustan Co pper Ltd, are on the list of probables for OFS where the government's shareholding in these companies is in the range of 52-82 per cent.