State-owned BEML on Friday said CBRE South Asia and JLL Property Consultants (India) have been appointed as consultancy firms for monetisation of its identified assets.
“The Department of Investment and Public Asset Management (DIPAM) intimated the company that CBRE South Asia Pvt Ltd and JLL Property Consultants (India) Pvt Ltd have been appointed as consultancy firms for monetisation of identified assets of BEML Ltd,” the PSU said in a filing to BSE.
The Centre is likely to sell 28 per cent stake in BEML Ltd through strategic disinvestment and retain 26 per cent after the dilution of its shareholding in the public sector undertaking (PSU), a senior company official had earlier said.
The government currently holds 54.03 per cent stake in the diversified engineering company.
Source: auto.economictimes.indiatimes.com
