Govt set to divest stake in defence PSUs Garden Reach, Mishra Dhatu

The government has already invited preliminary bids to sell its 26 per cent stake in BEML along with transfer of management control

The government is set to divest its shareholdings in defence PSUs, Garden Reach Shipbuilders & Engineers Ltd and Mishra Dhatu Nigam Ltd (MIDHANI).

It will also divest its shareholding in BEML Limited, said  Shripad Naik. Minister of State for Defence, on Monday.

The government has invited preliminary bids to sell its 26 per cent stake in BEML along with transfer of management control. It has 74.5 per cent stake in Garden Reach Shipbuilders, and 74 per cent in MIDHANI.

 

The government is following the policy