Govt to exercise 2% greenshoe option in BHEL OFS, says divestment secy
This story was originally published at 18:23 IST on 11 February 2026
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NEW DELHI – The government has decided to exercise the greenshoe option to sell an additional 2% stake in Bharat Heavy Electricals Ltd.'s offer for sale, Divestment Secretary Arunish Chawla said Wednesday. "Offer for Sale in Bharat Heavy Electricals Limited (BHEL) received enthusiastic response and was over subscribed 2.3 times on the first day," Chawla said in a post on social media platform X.
The government has offered to offload 3% stake in the public-sector engineering company through the offer for sale, with an option to sell an additional 2%. The offer for sale opened Wednesday for non-retail investors. Retail investors can bid Thursday.
The government has fixed the floor price for the issue at INR 254 per share, a discount of nearly 8% to the stock's closing price Tuesday. Wednesday, the shares ended 5.6% lower at INR 260.65 on the National Stock Exchange.
By exercising the greenshoe option, the government's stake in the company will come down to 58.2% when the issue concludes Thursday. The 5% stake sale will help the government to meet its miscellaneous capital receipts target for the financial year 2025–26 (Apr–Mar). So far, it has raised INR 87.68 billion through the sale of minor stakes in public-sector undertakings and INR 188.37 billion through asset monetisation. This leaves a gap of INR 62.36 billion to be bridged in the final two months of the fiscal year.
For the December quarter, BHEL reported a net profit of INR 3.82 billion on a revenue of INR 84.73 billion. End
Reported by Priyasmita Dutta
Edited by Rajeev Pai
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