Government of India increases stake in BHEL post buy back

BHARAT HEAVY ELECTRICALS LTD.'s Promoter, PRESIDENT OF INDIA ACTING THROUGH & REPRESENTED BY MINISTRY OF HEAVY INDUSTRIES has sold 115527598 equity shares of the company through Buy Back in BSE. The shares were sold for a total amount of Rs. 9935373428.

With this transaction, the shareholding of PRESIDENT OF INDIA has increased from 2147483647 (63.06%) to 2147483647 (63.17%). The shares were sold during the period 1/7/2019 to 1/7/2019.

Promoter Entity	Shares Acquired / Sold	Date / Period	Holding - Pre Transaction	Holding - Post Transaction
PRESIDENT OF INDIA ACTING THROUGH & REPRESENTED BY MINISTRY OF HEAVY I	115527598	1/7/2019 to 1/7/2019	2147483647 (63.06%)	2147483647 (63.17%)

Shares of the company was last trading in BSE at Rs.71.35 as compared to the previous close of Rs. 72.25. The total number of shares traded during the day was 749265 in over 2705 trades.

The stock hit an intraday high of Rs. 72.1 and intraday low of 71.1. The net turnover during the day was Rs. 53536664.

Source : Equity Bulls

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