The government currently holds 54.03 per cent of the total equity share capital of BEML.
It has decided to disinvest 26 per cent of the total equity share capital of the company through strategic disinvestment
with the transfer of management control. The government has appointed SBI Capital Markets
(SBICAP) as its transaction advisor to advise and manage the strategic disinvestment
The department of investment and public asset (Dipam) initially set March 1 as the deadline for submission of interest but later extended it to March 22.
In the past three months, the stock of BEML has outperformed the market by zooming 75 per cent, as compared to 11 per cent risen in the S&P BSE Sensex.
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