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On Thursday, the cabinet allowed cash-rich state companies to buy back shares and participate in the government's divestment programme. But, the government's buyback process may not be suited for BHEL .
Government sources say, the company is opposed to a share buyback, but is open to 5% follow on public offer (FPO) or auction.
Further, the share sale can happen only when the stock markets recover.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
On Thursday, the cabinet allowed cash-rich state companies to buy back shares and participate in the government's divestment programme. But, the government's buyback process may not be suited for BHEL .
Government sources say, the company is opposed to a share buyback, but is open to 5% follow on public offer (FPO) or auction.
Further, the share sale can happen only when the stock markets recover.
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