The government on Sunday invited preliminary bids for the strategic sale of a 26 per cent stake along with transfer of management control in defence PSU BEML.
“The government has issued the PIM/EoI for the disinvestment of 26 per cent equity share capital of BEML Ltd along with transfer of management control. Disinvestment will be through a two-stage competitive bidding process,” Dipam secretary Tuhin Kanta Pandey tweeted.
Bidders can submit their expression of interest (EoI) to buy the stake in BEML by March 1, according to the preliminary information memorandum (PIM) issued by the department of investment and public asset management (Dipam).
