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BHEL's Rs 1,628-cr buyback offer to open on Dec 13

Press Trust of India  |  New Delhi 

State-owned power equipment maker BHEL on Wednesday said its share offer worth Rs 1,628 crore would open on December 13.

The offer to buy 18.93 crore equity shares representing 5.16 per cent paid-up equity share capital of the company will close on December 27, the company said in a BSE filing.

The would be done through the tender offer route, it added. The price has been fixed at Rs 86 per equity share of face value Rs 2 each.

The board approved the offer on October 25 and made public announcement in this regard on October 26.

Ltd (BHEL) had fixed November 6 as the record date to determine the entitlement and names of the eligible shareholders who can participate in the

The company's shares closed at Rs 66.40 per piece Wednesday, down 5.75 per cent, on the BSE.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, December 05 2018. 19:00 IST
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