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Bharat Electronics Limited (BEL), a Navratna Schedule ‘A’ Central Public Sector Enterprise (CPSE) under the Department of Defence Production, Ministry of Defence signed a Memorandum of Understanding (MoU) for the financial year 2017-18 with the Ministry. The annual MoU was signed between Secretary (Defence Production) Shri Ashok Kumar Gupta on behalf...

New Delhi: Defence PSU Bharat Electronics (BEL) will buy back equity shares worth Rs 2,171 crore, a part of which will accrue to the government. The board has approved a proposal to buy back 1.66 crore shares at a price of Rs 1,305 apiece, for over Rs 2,171.15 crore, which is not exceeding 25 per cent of the aggregate of the fully paid-up share capital...