 "BEML surges 20% intra-day as government clears 26% strategic sale")
BEML has surged 20% to Rs 1,189 on the BSE in intra-day after the company said the Cabinet has given an ‘in-principle’ approval for strategic disinvestment of 26% equity shares in BEML out of the government’s shareholding of 54.03%.
“The Government of India, Ministry of Defence, has communicated 'in-principal' approval of the Cabinet Committee on Economic Affairs (CCEA) of the Government of India, for strategic disinvestment of 26% equity shares in BEML Limited out of Government of India shareholding of 54.03%,” BEML said on Friday after market hours.
The said shareholding would be sold to the strategic buyer/s
“The Government of India, Ministry of Defence, has communicated 'in-principal' approval of the Cabinet Committee on Economic Affairs (CCEA) of the Government of India, for strategic disinvestment of 26% equity shares in BEML Limited out of Government of India shareholding of 54.03%,” BEML said on Friday after market hours.
The said shareholding would be sold to the strategic buyer/s
