May 5, 2006
The media had reports that Bharat Heavy Electricals Ltd may consider a bonus issue or a stock split.
The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.
Bharat Heavy Electricals Ltd has vide its letter inter-alia stated, "Bharat Heavy Electricals Ltd (BHEL), is a Navratna PSU, under the aegis of the Department of Heavy Industry, Ministry of Heavy Industries & Public Enterprises, Govt. of India. We have not received any communication from the Government as regards Bonus issue or stock split."
Source: National Stock Exchange of India Limited
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