India builds steam for $514m BHEL divestment

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India builds steam for $514m BHEL divestment

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The Jantar Mantar is located in the modern city of New Delhi, India | saiko3p - Fotolia

The government of India has moved a step closer to a Rp32bn ($514m) divestment of some of its shares in Bharat Heavy Electricals (BHEL), having met with potential bookrunners on the morning of February 11.

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