Sunday, January 29, 2023
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CEL privatisation

CEL privatisation: Govt disqualifies bidder, terminates transaction officially

The government has disqualified the successful bidder chosen for the strategic disinvestment of CEL and has terminated the CEL privatisation process officially

Union Minister, Secretary, Niti Aayog warned govt against CEL privatisation

Documents accessed by PSU Watch show that a Union Minister, policymakers and bureaucrats within the government had warned the Centre against carrying out the privatisation of CEL

Employee unions diss IMG enquiry into CEL privatisation, term it an ‘eyewash’

A day after the DIPAM Secretary put the CEL privatisation process on hold to let IMG examine the process, unions have termed the enquiry an eyewash

Govt puts CEL privatisation on hold after employees union approaches court

Cabinet Committee on Economic Affairs had on November 19, 2021, approved the highest price bid of Nandal Finance and Leasing Pvt Ltd for the sale of 100% equity shareholding in Central Electronics Ltd (CEL), later employees moved to court on the allegations of under-valuation

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