Government invites bids for 26% stake sale in BEML

The centre has invited preliminary bids for 26% strategic stake sale in BEML Limited. The government currently holds 54.03% in the publicly listed public sector enterprise and has SBI Capital Markets Limited as its transaction adviser. The eligibility criteria for interested bidders is a minimum net worth of ₹1,400 crore and positive profit after tax in at least three of the immediately preceding five financial years. It has three subsidiaries; Vignyan Industries Limited; MAMC Industries Limited; and BEML Brazil Industrial Ltd.