HomeBusinessGovernment to divest 26% shares of BEML

Government to divest 26% shares of BEML



Indian Government has announced to divest 26 percent of its total equity shares in BEML.

In a filing with the exchange, BMEL said, “The Government of India (GoI) has decided to disinvest 26 percent of the total equity share capital of our company through strategic disinvestment with the transfer of management control.”

- Advertisement -

“The government has appointed SBI Capital Market Limited (SBICAP) as its transaction advisor to advise and manage the strategic disinvestment process. The aforesaid disinvestment process is to be implemented through an open competitive bidding route,” the statement added.

The government of India currently holds 54.03 percent of the total equity share capital of BEML.


Get quick snaps of everyday happening, directly in your inbox.

We don’t spam! Read our privacy policy for more info.

- Advertisement -
Krishna Mali
Krishna Mali
Founder, CEO & Group Editor of TechGraph.

More Latest Stories

Related Stories