Government to sell 15% stake in Bharat Dynamics through OFS; shares decline 13%
Updated : September 08, 2020 11:34 AM IST
The stock fell as much as 13.4 percent to the day's low of Rs 332.60 per share on BSE.
The Centre, through the President of India, owns an 87.75 percent stake in the company.
The company, in a BSE filing, said that the government will sell up to 1.83 crore equity shares or 10 percent of the company for the face value of Rs 10 each.