Huge block deal reported in BHEL; stock trades flat
Around 114 million shares representing 4.67% of total equity have changed hands at price of Rs 167.20 on the BSE.
 "Huge block deal reported in BHEL; stock trades flat")
Bharat Heavy Electricals Limited (BHEL) is trading flat at Rs 167 after a huge block deal on the Bombay Stock Exchange (BSE). Around 114 million shares representing nearly 4.67% of total equity of the company have changed hands at price of Rs 167.20 per share in a single block deal on the BSE, the data shows. The value of transaction is around 1,906 crore.
The name of buyers and sellers are not immediately known. The stock, however, has hit a high of Rs 170 and low of Rs 166 so far.
According to PTI reports, the government proposed to sell a 5% stake in power equipment manufacturer BHEL to state-owned Life Insurance Corporation of India.
The name of buyers and sellers are not immediately known. The stock, however, has hit a high of Rs 170 and low of Rs 166 so far.
According to PTI reports, the government proposed to sell a 5% stake in power equipment manufacturer BHEL to state-owned Life Insurance Corporation of India.