Government to divest 3% stake in BHEL through OFS, option to sell additional 2%

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BHEL OFS: The government will open the Offer for Sale (OFS) in Bharat Heavy Electricals Limited (BHEL) on Wednesday for non-retail investors, with retail investors allowed to place bids on Thursday.   The government has launched an Offer for Sale (OFS) to divest up to a 5% stake in state-run Bharat Heavy Electricals Limited (BHEL).…

NCLT approves merger scheme of Adani Group’s Ambuja Cements and Sanghi Industries

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NCLT in its order said that the merger scheme is in the public interest, as it enhances operational efficiency, consolidates resources, and does not prejudice the rights of shareholders, creditors, or statutory authorities.   Adani Group’s Ambuja Cements on February 9 announced that the Ahmedabad bench of the National Company Law Tribunal (NCLT) has approved…