BHEL shares dropped nearly 5% to Rs 259.3 as the government launched an Offer for Sale (OFS) to divest up to 5% stake, aiming to raise approximately Rs 4,422 crore. The floor price is set at Rs 254 per share, a discount to Tuesday’s closing. The offer opened for non-retail investors on Wednesday and for retail investors on Thursday.
Mcap of 8 of top-10 firms erodes by Rs 1.55L cr
Recently, the market witnessed a downturn, with eight of the leading firms in India suffering major valuation losses. The declines of HDFC Bank and Bajaj