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BPL gets nod to divest stake in Bharat Energy Ventures

30 Sep 2014 Evaluate

BPL’s board has approved divesting stake in Bharat Energy Ventures to raise Rs 115.41 crore. The board has approved disinvestment of 11,54,14,000 equity shares of Rs 10 each held as investment in Bharat Energy Ventures.

Established in 1963, BPL started manufacturing precision electrical instrumentation and diversified into medical devices in 1967. Over its 46-year history, BPL has developed a strong brand, an attractive product portfolio and a robust distribution and service network for the medical device business.

 

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