Bharat Heavy Electricals Plans to Sell its 51% Stake in BHEL Electrical Machines

Published: Jun 13 2017
Deal Summary

Bharat Heavy Electricals Limited (BHEL), an integrated power plant equipment manufacturer, intends to sell its 51% stake in BHEL Electrical Machines Ltd., a company engaged in manufacturing of rotating electrical machinery.

BHEL Electrical Machines was incorporated in 2011 by BHEL acquiring a subsidiary of Kerala Electrical and Allied Engineering Company Limited at Kasaragod.

The government of Kerala has approved BHEL to divest its stake in BHEL Electrical Machines.

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