bharat dynamics offer for sale

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 … The offer for sale will be available for 8th September for non retail investors and 9th September for retail investors. Share on Share on Share on Share on . Like. The disinvestment department has so far raised only 61.38 bln rupees. Let's reshape it today, Hunt for the brightest engineers in India, Read Stock Insights by ET for a quick analysis. News; Sebi move triggers Lollapalooza Effect on D-Street: What to buy now? Bharat Dynamics share slipped over 13% in early trade today after the government said it would sell 15% stake in the defence company through an offer for sale … Now receive NPS partial withdrawal amount on 5th day in your bank account, Startup India: Piyush Goyal urges investors to invest, mentor, support startups in BIMSTEC region, India-UK Trade Talks: Virtual discussion to focus on potential deliverables next week, WhatsApp 'read later' feature coming soon, set to be major improvement over existing archived chats, More strength to the Indian Air Force; 83 indigenous fighters will soon join IAF, Market LIVE: Sensex gives up 49,000, plunges 750 pts, Nifty below 14,400, US Stock Market: How to invest in ETFs listed abroad and what to buy now, Warren Buffett’s favourite share market gauge says India stocks overvalued; cross 2008 levels, Budget 2021 expectations: Need for allocating funds to health and wellness sector visible from COVID experience, Goldman Sachs sees over 35% rally in HPCL share price; raises price target by 12%, adds to conviction list, Copyright © By Admin on September 9, 2020. share. tweet. The government is selling over 2.74 crore shares of Bharat Dynamics Ltd (BDL) at a floor… Through the offer for sale scheduled on September 8 and 9, the Centre plans to raise nearly Rs 907 crore, the company said in a regulatory filing. The base price for the OFS was set at Rs 330/share, while retail investors were offered an additional discount of Rs 20/share. 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. 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. Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. 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. 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). Bharat Dynamics’ Offer For Sale Gets Subscriptions Worth Rs 770 Crore. 15 BDL is engaged in manufacturing guided missile systems for the country. 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. The retail portion of the Bharat Dynamics offer for sale (OFS) saw bids for just 1.67 million shares, which is 40 per cent of the total 4.12 million on offer. Retail investors get a Rs. 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 Union government is looking to dilute its stake in another defence manufacturer, Bharat Dynamics Ltd (BDL), following the ₹ 5,020 crore share sale … … Financial Express is now on Telegram. Government exercises oversubscription option of offer for sale of Bharat Dynamics Limited’s shares. The OFS had hit the market with the government selling over 2.74 crore shares in the country’s largest missile maker at a floor price of Rs 330 a piece. Infosys, Wipro shares fall after strong quarterly results; should investors buy now or stay away? The Modi Government is likely to raise approximately Rs. Download The Economic Times News App to get Daily Market Updates & Live Business News. (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. Choose your winners rationally in 3 simple steps! 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Click here to join our channel and stay updated with the latest Biz news and updates. The share price of BDL fell 5.24% on Wednesday to close at Rs 313.8 on the BSE. “BDL OFS concluded today with total subscription of about 2.34 crore shares worth Rs 770 crore from institutional and retail investors. The Teaming Agreement was signed by Thales and BDL in the presence of UK and Indian Government … Retail portion of Bharat Dynamics' offer for sale subscribed 40% Business Standard. Across 20+ sectors, Access the exclusive Economic Times stories, Editorial and Expert opinion fall! 5 per cent subscription, helping the centre which owns 87.75 % stake in Hindustan Aeronautics to! To Boost Defence Production has Industry Confused disinvestment department has so far raised only 61.38 bln.! Concluded on Wednesday Opens tomorrow ( 9th September ) at a cut off of! Read Stock Insights by ET for a quick analysis Rs 313.8 on the BSE investors, the OFS set! 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bharat dynamics offer for sale 2021