Out of this, the government raised close to 50 bln rupees by selling 14.82% stake in Hindustan Aeronautics Ltd through an offer for sale and 7.71 bln rupees through Bharat Dynamics Ltd's offer for sale. gplus. By Admin on September 9, 2020. Click here to join our channel and stay updated with the latest Biz news and updates. With the latest stake sale, the Centre’s disinvestment proceeds stood at around Rs 5,770 crore so far this fiscal as against the budget target of Rs 2.1 lakh crore for FY21. Bharat Dynamics’ is the second OFS launched by the government in the ongoing fiscal. The disinvestment department has so far raised only 61.38 bln rupees. #BharatDynamics Offer for Sale #OFS Opens tomorrow (9th September) at a cut off price of Rs. (Image source: Company Website), Bharat Dynamics offer for sale fetches Rs 770 crore, Indigo Paints IPO: Grey market premium surges 57% from issue price, even as Sensex, Nifty fall, GAIL announces Rs 1,046.35 cr share buyback, Morgan Stanley raises India’s ‘overweight’ position, and makes China pay for it, Sun Pharmaceutical Industries Share Price, This website follows the DNPA’s code of conduct. Infosys, Wipro shares fall after strong quarterly results; should investors buy now or stay away? BDL is engaged in manufacturing guided missile systems for the country. The share price of BDL fell 5.24% on Wednesday to close at Rs 313.8 on the BSE. The centre which owns 87.75% stake in the company is looking to offload 2.71 crore shares. Comment . DIPAM to sell 15% govt stake in Bharat Dynamics Ltd under Offer for Sale. Why follow tips? The government has raised Rs 770 crore from stake sale. September 8, 2020 Nikhil Bharat. 15 The Centre on Wednesday raised Rs 770 crore by selling 2.34 crore shares of state-run Bharat Dynamics to retail and institutions investors via an … "Offer for Sale of 15% Govt shares in BDL got good response on day one and was subscribed 1.40 times by non- retail investors. 2021The Indian Express [P] Ltd. All Rights Reserved, The share price of BDL fell 5.24% on Wednesday to close at Rs 313.8 on the BSE. The government is selling over 2.74 crore shares of Bharat Dynamics Ltd (BDL) at a floor… The Offer Of Sale in Bharat Dynamics will remain open for non-retail and retail investors on Sept.8 and Sept.9, respectively. Bharat Dynamics share price plunged 13.49 per cent to Rs 332.60 apiece on BSE a day after the defence company informed that government is planning to sell 15 … The Modi Government is likely to raise approximately Rs. News; Bharat Dynamics OFS subscribed 76% on last day. Choose your winners rationally in 3 simple steps! The government is selling over 2.74 crore shares of Bharat Dynamics … This issue will help the company achieve MPS (minimum public shareholding) norms,” department of investment and public asset management (DIPAM) secretary Tuhin Kant Pandey tweeted. Bharat Dynamics Ltd - 541143 - Notice of Offer for Sale of Share by Promoter & Floor Price by BSE India Share on Share on Share on Share on . The floor price for the OFS has been fixed at Rs 330 per share, a 14% discount to Monday’s closing price of Rs 384.50. of ammunition and missile systems manufacturer Bharat Dynamics Ltd through an offer for sale, which concluded on Wednesday. The Centre on Wednesday raised Rs 770 crore by selling 2.34 crore shares of state-run Bharat Dynamics to retail and institutions investors via an offer for sale (OFS). … Bharat Dynamics OFS gets off to smooth start, institutional buyers oversubscribe The government is selling over 2.74 crore shares of Bharat Dynamics Ltd (BDL) at a floor price of Rs 330 apiece. Government exercises oversubscription option of offer for sale of Bharat Dynamics Limited’s shares. Days Trial New Delhi, January 14, 2021: Thales and Bharat Dynamics Limited (BDL), a Government of India enterprise, have signed a Teaming Agreement to work in partnership on the STARStreak Air Defence system with the support of both the Governments of India and the United Kingdom. Choose your reason below and click on the Report button. Bharat Dynamics offer-for-sale today The Centre plans to sell up to 10 per cent stake or 1.83 crore shares of Bharat Dynamics Ltd through an offer-for-sale. Mumbai, Sep 8 (IANS) Shares of Bharat Dynamics plunged 13 per cent on Tuesday as the Union government has announced to sell up to 15 per cent stake in the PSU through an offer for sale (OFS). Download The Economic Times News App to get Daily Market Updates & Live Business News. The company, in a BSE filing, said that the government will sell up to 1.83 crore equity shares or 10 percent of the company for the face value of Rs 10 each. Last month, the government sold about 15% stake in Hindustan Aeronautics Ltd. to raise about Rs 5,000 crore. While the institutional portion was subscribed 1.4 times, the retail portion was under subscribed, leading to an overall subscription of 85% of the offer size of 2.75 crore shares. Let's reshape it today, Hunt for the brightest engineers in India, Read Stock Insights by ET for a quick analysis. Mumbai, Sep 8: Shares of Bharat Dynamics plunged 13 per cent on Tuesday as the Union government has announced to sell up to 15 per cent stake in the PSU through an offer for sale (OFS). So far this fiscal, the government has raised Rs 6,138 crore by selling minority stake in Hindustan Aeronautics Ltd and Bharat Dynamics Ltd through offer for sale so far this year. 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