Union Govt Invites Bids For Strategic Disinvestment Of BEML
The Centre has invited bids for the strategic disinvestment of BEML Ltd. Out of its 54.03% stake in BEML's total equity share, the government has invited bids to sell 26% stake. It will also transfer "management control" of the company to the successful bidder. For the disinvestment, open competitive bidding route has been finalised and SBI Capital Markets will be the Transaction Advisor. The strategic disinvestment is a part of the Centre's privatisation drive.