BHEL Shares Drop 6% as ₹4,422 Crore OFS Opens for Subscription
Bharat Heavy Electricals Limited (BHEL) shares fell sharply by over 6% in early trade after the Indian government launched a ₹4,422 crore Offer for Sale (OFS) to divest up to a 5% stake in the state-owned engineering major. The OFS, priced at ₹254 per share, reflects a nearly 8% discount to the previous session’s closing price, triggering heavy selling pressure and high trading volumes. The stake sale is part of the Centre’s broader disinvestment strategy and is expected to influence near-term stock movement and investor sentiment.
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