Shares of Bharat Heavy Electricals Limited (BHEL) fell sharply on Wednesday after the Government of India announced a stake sale through an Offer for Sale (OFS), triggering heavy selling across the counter. The stock dropped over 6% in early trade, hitting intraday lows and wiping out recent gains, despite the company reporting strong Q3 FY26 financial results only weeks ago.The decline reflects investor caution around large government divestments, especially when offered at a discount, and fears of increased supply pressure in the market.Government OFS Triggers BHEL Share Price FallThe government formally launched the OFS on 11 February 2026, aiming to divest up to 5% stake in BHEL as part of its broader PSU disinvestment plan.Key details of the OFS:Base offer: 3% stake (around 10.44 crore shares)Green-shoe option: Additional 2% stake (around 6.96 crore shares)Total potential divestment: 5%Floor price: INR 254 per shareEstimated base deal size: ~INR 4,422 croreTotal potential value (if 5% sold): Over INR 7,000 crore, based on pre-dip market capitalisation near INR 1.4 lakh croreTrading for anchor investors took place on 10 February, while the OFS opened for institutional and retail investors on 11 February from 9:15 AM to 3:30 PM IST, with settlement expected on a T+1… Read MoreStartupTalky- Business News, Insights and Stories
