BEML put on the block, Centre invites EoI from strategic investors for 26% stake

The Central government has invited expressions of interest (EoI) for the strategic sale of 26 per cent stake in Bharat Earth-Movers Ltd (BEML).

BEML is a 'Miniratna' Category-1 Public Sector Undertaking, under the administrative control of Ministry of Defence. The government currently holds 54.03 per cent stake in it.

"Govt has issued the PIM/EOI for 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," said a tweet by the Twitter handle of the Secretary, Department of Investment and Public Asset Management.