Facing opposition from the heavy industries department on disinvestment in BHEL, the finance ministry, under
P Chidambaram, is considering a 5% stake sale in the power plant equipment maker to financial institutions through
the block deal route. ?For BHEL divestment, we are considering the possibility of a block deal with state financial institutions,? a senior finance ministry official said. State financial institutions include LIC and PSU banks. At BHEL?s current share price of Rs 172.85 apiece, the 5% stake sale would fetch about Rs 2,100 crore to the exchequer.
Also Read
Chef turned woman into ?200-a-night prostitute
World’s fastest bowler: Morne Morkel at a humongous 173.9 kmph at IPL 2013, but Hawk-Eye was not looking
Shraddha Kapoor on money, sex and Rs 100 crore club
‘Intimacy shared by Narendra Modi with young lady’
