The Ministry of Heavy Industries, acting as the Promoter of Bharat Heavy Electricals Limited (BHEL), reported the successful completion of an Offer for Sale (OFS) transaction. The sale, conducted over February 11 and 12, 2026, involved the disposal of 5.00% of the total paid-up equity share capital. The Promoter’s total holding in BHEL has consequently reduced from 63.17% to 58.17% following this divestment.
BHEL Promoter Divestment Details
This report confirms the filing of information regarding the sale of equity shares in Bharat Heavy Electricals Limited (BHEL) by the President of India, represented by the Ministry of Heavy Industries (the “Seller” and “Promoter”). The transaction was executed through the designated Offer for Sale (OFS) mechanism on the stock exchanges.
Transaction Summary and Dates
The divestment was split over two days:
- Base Offer Size: The initial offer was for up to 10,44,61,901 Equity Shares, representing 3.00% of the total capital, offered on February 11, 2026 (T Day) to non-Retail Investors.
- Oversubscription Option: An additional 6,96,41,267 Equity Shares (representing 2.00%) were sold on February 12, 2026 (T+1 Day) to carry-forward bidders and retail investors, exhausting the full 5.00% option.
Shareholding Changes Post-Sale
The details of the disposal indicate a significant shift in the Promoter’s stake:
| Holding Metric | Before Sale (Shares) | Shares Sold | After Sale (Shares) |
|---|---|---|---|
| Shares Carrying Voting Rights | 2,19,96,50,402 | 174,209,815 | 2,025,440,587 |
| Percentage of Total Capital | 63.17% | 5.00% | 58.17% |
The final holding of the Seller in BHEL, in terms of shares carrying voting rights, settled at 2,02,54,40,587 Equity Shares, constituting 58.17% of the total voting capital after the sale.
Employee Offer Component
Separately, the announcement noted that up to 87,05,158 Equity Shares (equivalent to 0.25% of capital) were also offered to eligible employees through a mechanism referred to as the “Employee Offer,” subject to requisite approvals.
Capital Base Information
The total issued and paid-up equity share capital of BHEL before and after the sale remained based on 3,48,20,63,355 Shares, with a face value of ₹2/- per share.
Source: BSE
