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<h1>India's 5% DISINVESTMENT in BEL Oversubscribed; Strong Retail and Non-Retail Investor Interest Boosts Government Revenue.</h1> The Government of India's disinvestment of a 5% stake in BEL through an Offer for Sale (OFS) received strong interest from both retail and non-retail investors, including domestic and foreign institutional investors. The issue was oversubscribed by 367% in the retail category and 234% in the non-retail category. The floor price was set at Rs. 1,498 per share, with retail investors receiving a 5% discount. The OFS is expected to generate approximately Rs. 1,670 crore for the government. BEL, a Navratna company under the Ministry of Defence, specializes in advanced equipment manufacturing.
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