NEW DELHI: Life Insurance Corporation has bought sharesworth Rs 1,889 crore, about 4.66 per cent stake, in state-owned power equipment maker BHEL through an openmarket transaction
LIC has purchased 11.41 crore shares in BHEL at a price of Rs 165.55 apiece through a block deal on the BSEThe Empowered Group of Ministers, headed by Finance Minister P Chidambaram, last week decided the timing and mode of disinvestment in BHEL.
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Wednesday, June 25, 2014
LIC buys 4.66% stake in BHEL for Rs 1,889 crore
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