Prime Minister Narendra Modi
The core group of secretaries on divestment, headed by Cabinet Secretary Rajiv Gauba, is likely to meet today 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.
Stay tuned for the latest news of the day