BHEL shares plunge 6%! Why is the stock falling after Rs 4,422 crore OFS opens for subscription?
Shares of Bharat Heavy Electricals Ltd (BHEL) fell 6% in early trade on Wednesday, after the government announced an Offer for Sale (OFS) to reduce its stake in the company. On NSE, the BHEL stock was down 16 points or 5.80% to 260.10 at 11:20 am. On the Bombay Stock Exchange, the share price was…