As per the EoI document, the winning bidder will be required to lock in its shares for a period of three years during which it cannot undertake the sale of its stake in CEL. The last date for the submission of interest is March 16, 2020. Private or public limited company registered under the Companies Act can participate in the offering.
(Source: Indian Department of Scientific and Industrial Research (DSIR), Ministry of Science & Technology, PR, 11 Feb., 2020)
Contact: Department of Scientific and Industrial Research (DSIR), Ministry of Science & Technology; www.dst.gov.in;
Central Electronics Limited, +91-120-2895155, 2895156,
+91-120-2895142, 2895148 - fax, www.celindia.co.in
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