Bharat Electronics Ltd.

The Government is planning to sell 5% stake in Bharat Electronics (BEL) through offer for sale, which could fetch about Rs 1,300 crore to the exchequer. The government currently holds 66.79% in the Defence PSU. The government has invited bids from merchant bankers by August 14. Up to 3 bankers will be appointed for taking forward the 5% stake sale plans in BEL.

Earlier, the government had sold 5% stake in BEL in February 2017 to garner Rs 1,600 crore.

BEL is a multi-product, multi-technology, multi-unit conglomerate with over 350 products in the areas of military communication, radars, naval systems, C4I systems, weapon systems, homeland security, telecom & broadcast systems, electronic warfare, tank electronics, electro-optics, professional electronic components and solar photovoltaic systems.