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Latest Articles in NANDAL FINANCE

Government Calls Off Central Electronics Divestment Process

The Department of Investment and Public Asset Management (DIPAM) said that the winning bidder had not disclosed an ongoing proceeding in National Company Law Appellate Tribunal against itself

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Govt Puts On Hold LoI Issuance To Successful Bidder Of Central Electronics

In a written reply to a question in the Rajya Sabha, the Minister of State for Finance Bhagwat Kishanrao Karad said, for the strategic disinvestment of CEL, open bids were invited based on the criteria of networth as laid down in Preliminary Information Memorandum (PIM)/ Expression of Interest (EoI)

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CEL Privatisation Hits A Roadblock

The government had in November approved the sale of CEL, under the Department of Scientific and Industrial Research (DSIR), to Nandal Finance & Leasing for Rs 210 crore. The transaction was scheduled to be completed by March 2022.

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