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BHEL
Bhel disinvestment put on hold
The government has decided to put its plan to divest its stake in power equipment maker Bharat Heavy Electricals (Bhel) on hold. The company has withdrawn the draft red herring prospectus (DHRP) for a follow-on public offering (FPO) filed with the Securities and Exchange Board of India in September for the disinvestment of the government's five per cent stake in the company. At a press conference,