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Panel likely to meet on Monday to finalise strategic sale of BEML

The panel will meet to finalise the preliminary information memorandum and expressions of interest, said a government official.

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The government also decided to keep apart surplus land and other assets from the strategic disinvestment of BEML

Nikunj Ohri New Delhi
The core group of secretaries on divestment, headed by Cabinet Secretary Rajiv Gauba, is likely to meet on Monday to finalise the strategic sale of BEML Ltd (earlier Bharat Earth Movers Ltd), a public sector company in defence, four years after the Cabinet approved its strategic divestment.

The government in December 2016 had cleared the plan to divest 26 per cent of its 54 per cent, along with transferring management control.

The panel will meet to finalise the preliminary information memorandum and expressions of interest, said a government official.

The government is moving ahead with the strategic sale of public sector undertakings that

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First Published: Dec 28 2020 | 6:10 AM IST

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