Offer for sale
Govt to sell up to 5% stake in BHEL via OFS Wed, Thu, says divestment secretary
This story was originally published at 20:25 IST on 10 February 2026
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--Govt to sell up to 5% stake of BHEL via OFS on Wed, Thu
NEW DELHI – The government plans to divest up to 5% stake in Bharat Heavy Electricals Ltd. through an offer for sale, Divestment Secretary Arunish Chawla said Tuesday. The offer for sale will open Wednesday for non-retail investors, Chawla said. Retail investors can bid Thursday.
The government will sell 3% stake in the company with a greenshoe option of an additional 2%, Chawla said in a post on social media platform X. The floor price for the offer for sale is INR 254 per share, BHEL informed the exchanges in a filing.
The government holds 63.2% stake in BHEL. At the given floor price, the government can raise INR 26.53 billion by divesting 3% stake and up to INR 44.22 billion if it exercises the greenshoe option.
The government has met its divestment target only twice in the past decade. The 5% stake sale will help it to meet its miscellaneous capital receipts target for the financial year 2025–26 (Apr–Mar). So far, the government 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. Tuesday, shares of the company closed at INR 276.10, up 0.5% on the National Stock Exchange.
Besides BHEL, the government is also planning to sell 4% stake in Indian Overseas Bank. That sale could fetch the government nearly INR 25 billion. End
Reported by Priyasmita Dutta
Edited by Rajeev Pai
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