BEL Stake Sale Begins On Wednesday; Floor Price Set At Rs 1,498/Share

New Delhi: The government will begin tomorrow its 5 per cent stake sale in state-owned aerospace and defence company Bharat Electronics Ltd to raise about Rs 1,600 crore.  The sale of 1.11 crore shares will be at a minimum price of Rs 1,498 apiece, 4 per cent discount to today's closing price of BEL on BSE.  The share sale will be through an offer for sale (OFS) spread over two days - first day for institutional investors and the s...