BEML Disinvestment: Govt to sell 26% stake! As markets continue to soar, Anil Singhvi says this is the best of times to do so
Once more Zee Business news has been spot on! This time it is around BEML divestment. The government will sell a 26% stake in BEML. The government has working on the disinvestment of this PSU. Will it be able to achieve its targets on this? Zee Business Managing Editor Anil Singhvi gives his take
Once more Zee Business news has been spot on! This time it is around BEML divestment. The government will sell a 26% stake in BEML. The government has working on the disinvestment of this PSU. Will it be able to achieve its targets on this? Zee Business Managing Editor Anil Singhvi gives his take.
The Market Guru said that the Government has to complete the process as there is no option apart from completing the disinvestment now. He said that the markets are at their lifetime highs and this is the best time to raise money for any company, he added. The time is more suitable for a seller than a buyer.
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The Managing Editor said that it was difficult to complete the disinvestment last year because of the pandemic situation.
Golden Time for disinvestment
Singhvi said that there is a lot of liquidity in the markets now and the Foreign Institutional Investors (FIIs) are looking for avenues to put their money in. This is the best time to sell good assets, he further said.
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BEML में 26% हिस्सा बेचेगी सरकार...
एक बार फिर ज़ी बिज़नेस की खबर पर मुहर...
अनिल सिंघवी- मार्च तक सभी PSU में रहेगा जबरदस्त एक्शन...
— Zee Business (@ZeeBusiness) January 4, 2021
The government has a 54.03 per cent stake in the company. He said that he expected a lot of action from now till the March month. And this will apply for all the Public Sector Undertakings and especially those which are looking for divestment of government stake.
Other big companies that are up for sale are BPCL, Container Corporation of India (CONCOR) and Shipping Corporation of India.
On the part of the government, Singhvi said that the government has been moving as per the plans and is also sticking on the timelines.
At 9:50 am, BEML share price is trading at Rs 1020, up by over 4.6 per cent.
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