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 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. The Economic Times Digital Payments Forum, Voda Idea to seek shareholders' nod to raise borrowing limit to Rs 1 lakh cr, Motherson Sumi's proposed NCDs worth Rs 3,000 crore assigned IND AAA/Negative rating, RBI broadly accepts Kamath Committee’s parameters on loan restructuring, specifies 5 mandatory ratios, Sebi sets March 31 as cut-off date for re-lodgement of share transfer requests, Initiative to support fresh talent in India and the UK, The out-of-control line between India and Pakistan, Curfews, protests lead to end-of-sales season, SAIL plunges 10% as two-day OFS kicks off. 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 … tweet. Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. The offer for sale will be available for 8th September for non retail investors and 9th September for retail investors. Like. 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. Bharat Dynamics Ltd - 541143 - Notice of Offer for Sale of Share by Promoter & Floor Price by BSE India 74 (5) of SEBI (DP) Regulations, 2018. "Offer for Sale of 15 per cent Govt shares in BDL got good response on day one and was subscribed 1.40 times by non- retail investors . 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). Last month, the government sold about 15% stake in Hindustan Aeronautics Ltd. to raise about Rs 5,000 crore. The share price of BDL fell 5.24% on Wednesday to close at Rs 313.8 on the BSE. Let's reshape it today, Hunt for the brightest engineers in India, Read Stock Insights by ET for a quick analysis. 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. Govt has decided to exercise the green shoe option. DIPAM to sell 15% govt stake in Bharat Dynamics Ltd under Offer for Sale. 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 … Days Trial The base price for the OFS was set at Rs 330/share, while retail investors were offered an additional discount of Rs 20/share. 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). share. Download The Economic Times News App to get Daily Market Updates & Live Business News. Aditya Birla Sun Life Tax Relief 96 Direct-Growt.. Mirae Asset Emerging Bluechip Fund Direct-Growth, Government to sell 15% stake in Bharat Dynamics through OFS, MUMBAI: The government is planning to sell 15% stake in. Bharat Dynamics’ is the second OFS launched by the government in the ongoing fiscal. Why follow tips? thenews21bureau Business January 23, 2020 No Comments. 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. 604.8 crore if the Offer of Sale in Bharat Dynamics gets entirely subscribed. The retail investors will get Rs, 20 off on equity shares on the bid price entered by them. This will alert our moderators to take action. … 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). Including bids for non-retail investors, the OFS garnered 85 per cent subscription, helping the centre raise Rs 770 crore. 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. 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