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Global EoI invited for strategic disinvestment of 26 percent stake in BEML

Monday, 04 Jan 2021
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The government of India proposes to disinvest its equity shareholding of 26 percent in BEML out of its shareholding of 54.03 percent by way of strategic disinvestment to investors along with transfer of management control.  
 
The Centre has appointed SBI Capital Markets (SBICAP) as its transaction advisor to advise and manage the strategic disinvestment process. 
 
BEML is a Miniratna Category-1 Public Sector Undertaking under the administrative control of the Ministry of Defence (MoD). The company was incorporated on 11 May 1964. It operates under three major business verticals, namely Mining & Construction, Defence and Rail & Metro. 
 
The disinvestment process is to be implemented through open competitive bidding route. 
 
Interested bidders (IBs) who meet the eligibility criteria mentioned may submit their EoI in on or before 1 March 2021.

 

 
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