BEL OFS got an enthusiastic participation both from retail and the non-retail investors including domestic institutional investors and foreign institutional investors; BEL Issue got over-subscribed by 367 % in Retail Category and 234% in Non-retail Category; Government of India is likely to get the receipt of 1670 crore (approx.) from BEL OFS issue https://www.taxtmi.com/news?id=17510 The Government offered 5% of its paid-up equity in BEL by Offer for Sale, allocating 89.34 lakh shares to non-retail investors and 22.34 lakh shares to retail investors with a fixed floor price and a retail discount on the cut-off. The non-retail tranche was subscribed 234% and the retail tranche 367%, producing an overall oversubscription and projected government receipt as stated in the press release. en-us Fri, 24 Feb 2017 10:39:22 +0530 Fri, 24 Feb 2017 10:39:22 +0530 TaxTMI RSS Generator BEL OFS got an enthusiastic participation both from retail and the non-retail investors including domestic institutional investors and foreign institutional investors; BEL Issue got over-subscribed by 367 % in Retail Category and 234% in Non-retail Category; Government of India is likely to get the receipt of 1670 crore (approx.) from BEL OFS issue https://www.taxtmi.com/news?id=17510 The Government offered 5% of its paid-up equity in BEL by Offer for Sale, allocating 89.34 lakh shares to non-retail investors and 22.34 lakh shares to retail investors with a fixed floor price and a retail discount on the cut-off. The non-retail tranche was subscribed 234% and the retail tranche 367%, producing an overall oversubscription and projected government receipt as stated in the press release. News - Fri, 24 Feb 2017 10:39:22 +0530 https://www.taxtmi.com/news?id=17510