New Delhi, Feb. 10 -- The government's planned divestment in Bharat Heavy Electricals Ltd (BHEL) is set to kick off on Wednesday and the Centre plans to divest 3% stake, with a greenshoe option to sell and an additional 2%.

The offer for sale (OFS) for non-retail investors will open on Wednesday, while retail investors can place their bids on Thursday, the Department of Investment and Public Asset Management (Dipam) said in a statement on social media platform X.

The greenshoe involves an option to sell an additional 6.96 crore shares, equivalent to 2% of the company's equity capital, which would take the total potential divestment to 17.41 crore shares, or 5% of the company's equity capital, if fully exercised.

The government currentl...