Govt to sell up to 5% stake in BHEL at Rs 254/share; OFS opens Wednesday

• Government to divest up to 5% equity in Bharat Heavy Electricals Ltd (BHEL) via Offer for Sale (OFS).
• The floor price for the OFS is set at Rs 254 per share, an 8% discount to BHEL's closing price.
• OFS opens for non-retail investors on Wednesday, and for retail investors on Thursday.
• Full subscription of 5% stake (17.41 crore shares) could fetch the government Rs 4,422 crore.
• The government currently holds a 63.17% stake in BHEL.