Nine shortlisted merchant bankers, including ICICI Securities, Kotak Mahindra Capital and IDBI Capital, are understood to have made presentations before the government today for the proposed follow-on public offer (FPO) of power equipment maker BHEL .
The government is expected to raise over USD 1 billion (about Rs 4,700 crore) by offloading five per cent of its stake in state-run BHEL.
Sources said that nine merchant bankers today made separate presentations before the government for BHEL's follow-on public offer today.
The choice of merchant bankers is likely to be finalised tomorrow, sources added.
Of the 17 merchant bankers shortlisted for BHEL's proposed FPO, nine were to make presentations today, the Department of Disinvestment had said last week.
more at:
http://www.moneycontrol.com/news/ipo-news/nine-merchant-bankers-make-presentations-for-bhel-fpo_566541.html
Monday, July 18, 2011
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