 "PSU, Privatisation")
BEML will soon list its land holding company on the exchanges after receiving the corporate ministry’s approval, helping efforts for the privatisation of the defence public sector undertaking (PSU).
Hiving off BEML's non-core assets into the land holding company required approval from the West Bengal and Karnataka governments. All approvals were received on August 2, an official said.
The PSU’s board will meet on August 18 to finalise the proposal of issuing one share of the land holding company for every single BEML share owned. BEML Land Assets Ltd will hold about 531 acres of land and 36,587 sq ft
