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Bids invited for 26% stake sale in BEML

Government has invited preliminary bids for 26% strategic stake sale in BEML Limited. The DPSU is engaged in manufacturing and supply of equipment for mining, construction, defence and rail projects. Currently, the Government holds 54.03% in the publicly listed Public Sector Enterprise (PSE) and intends to transfer management control along with strategic disinvestment through a two stage open competitive bidding process. It has appointed SBI Capital Markets Limited as its transaction adviser to advise and manage the strategic disinvestment process. Interested bidders, who meet the eligibility criteria mentioned, have to submit their Expressions of Interest (EoI) in either physical form or electronic form via e-mail by March 1, 2021.

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