Government offers Bharat Electronics shares to staff

Shares of Bharat Electronics will remain on investors’ radars as the Central government is offering shares to the company’s employees. Bharat Electronics is offering 55.84 lakh shares through the offer-for-sale window at a price of ₹142.40 a share (5 per cent to discount to the cut-off price of ₹149.90). The offer opens for subscription on Monday (August 14) and will close on August 23. The Centre will raise ₹79.50 crore from the staff if the issue receives full subscription.