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Centre may sell 5 pc stake in BHEL to raise Rs 2100 cr

New Delhi: The Centre has plans to sell 5 per cent stake in Bharat Heavy Electricals Ltd next month through a block deal to state-owned financial institutions and PSUs to raise nearly Rs 2,100 cr.Sources
India TV News Desk January 19, 2014 10:08 IST
India TV News Desk
New Delhi: The Centre has plans to sell 5 per cent stake in Bharat Heavy Electricals Ltd next month through a block deal to state-owned financial institutions and PSUs to raise nearly Rs 2,100 cr.

Sources said, the disinvestment department is in talks with SBI, PNB and few cash-rich PSUs for sale of Centre's stake in BHEL.

An empowered group of ministers had cleared the sale of 10 pc stake in Indian Oil Corporation last week, through a block deal to Oil India and ONGC, in order to garner Rs 5,000 crore.