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Centre invites bids to sell 26% stake in BEML
Centre has appointed SBI Capital Markets as its Transaction Advisor to advise and manage the strategic disinvestment process; bids will have to be submitted by March 1
BusinessToday.In | February 18, 2021 | Updated 15:10 IST
Central government has invited expressions of interest to offload 26 per cent out of its 54.03 per cent stake in BEML Ltd. The stake sale will also lead to transfer of management control to the successful bidder, the state-run defence and construction equipment manufacturer said in a regulatory filing on Saturday.
We wish to inform that the Government of India currently holds 54.03 per cent of the total equity share capital of our Company. Gol has decided to disinvest 26 per cent of the total equity share capital of our Company through strategic disinvestment with transfer of management control, BEML said in its statement. ....

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