The issuance of the Letter of Intent (LoI) to the successful bidder of Central Electronics Ltd (CEL) has been put on hold, pending examination of specific allegations regarding the bidder, the Rajya Sabha was informed on Tuesday. In November, the government approved the highest price bid of Rs 210 crore by the Delhi-based Nandal Finance […]
Govt sells Central Electronics to Nandal Finance and Leasing for Rs 210 cr; sale to be completed by March 2022 – EQ Mag Pro
CEL, under the Ministry of Science and Technology, is a pioneer in the field of solar photovoltaic New Delhi: The government on Monday approved sale of Central Electronics Ltd to Nandal Finance and Leasing for Rs 210 crore, marking the second strategic disinvestment of the current fiscal. Incorporated in 1974, CEL, under the Ministry of […]
Govt extends Central Electronics bid deadline to June 15
Govt extends Central Electronics bid deadline to June 15, 2020 Corrigendum for extension of last date of EOI for strategic disinvestment of CEL extended upto 15.06.2020 For more information please see below link:
Govt set to privatise to Central Electronics, invites bids by March 16
New Delhi: The government is set to privatise Central Electronics Ltd, a CPSE under the Department of Science and Technology, by selling its 100 per cent stake with management control and has invited the Expression of Interest for the same by March 16. The selected bidder will be required to lock in its shares for […]