InvestorQ : Who are the likely buyers for the government stake in BEML? Is it true that Ashok Leyland, Bharat Forge and Tata Motors are in the fray?
Tisha Malhotra made post

Who are the likely buyers for the government stake in BEML? Is it true that Ashok Leyland, Bharat Forge and Tata Motors are in the fray?

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Aashna Tripathi answered.
2 days ago
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Apparently, the government has shortlisted 4 companies to buy 26% stake in Bharat Earth Movers Ltd or BEML, as it is now known. While there is no confirmation either from DIPAM or from the companies; the 4 companies are reported to be; Ashok Leyland, Bharat Forge, Tata Motors and Megha Engineering of Hyderabad.

For the records, BEML, manufactures military hardware including the Prithvi missile launcher and has operations in defence, aerospace, mining, construction and railways. Indian Government currently owns 57% in BEML and will be a strategic divestment. Out of the 4 bidders, 3 have strong defence franchises.

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