Bharat Heavy Electricals (BHEL), the state-run power equipment major has shortlisted four bankers for its proposed share sale valued at about $1 billion. The company has shortlisted Bank of America Merrill Lynch, Morgan Stanley and two Indian banks to manage its share sale.

The two Indian banks shortlisted are Kotak Mahindra and ICICI Securities, a unit of ICICI Bank, for book-running the share sale. The Indian government plans to sell 5 percent of its stake in BHEL through the follow-on public share offering, the timing of which is yet to be decided.

Recently, BHEL had commissioned India's first 525 Mw thermal set for the Maithon Right Bank thermal power project in Jharkhand. The 2x525 Mw greenfield power project was being implemented by Maithon Power (MPL), a joint venture between Tata Power and Damodar Valley Corporation.

BHEL Share Price

247.20 4.30 (1.77%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
BHEL 247.20
Bharat Electronics 201.45
Thermax 4168.00
Kirloskar Oil Eng 859.25
Praj Industries 532.70
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.