The government is scouting for asset valuers to carry out the valuation for 100 per cent stake sale in Central Electronics Ltd (CEL).
Incorporated in 1974, CEL is under the administrative control of Ministry of Science and Technology. The CPSE is wholly-owned by the government and had a net worth of Rs 50.34 crore as on March 2017.
The government had earlier this year cleared a 100 per cent stake sale in Central Electronics Ltd through strategic sale with transfer of management control.
The firms willing to act as asset valuer can submit their bids by November 28, 2017, to the Department of Scientific and Industrial Research (DSIR).
The selected firm would value land and buildings, furniture, civil infrastructure and plant and machinery of CEL, the DSIR said while inviting application from firms.
The properties would be needed to be valued by any one or a combination of the following methods — comparison method, income capitalisation, discounted cash flow, cost approach method or replacement valuation.
The government has budgeted to raise 72,500 crore in 2017–18 through stake sale in PSUs.
This includes Rs 46,500 crore from minority stake sale, Rs 15,000 crore from strategic disinvestment and Rs 11,000 crore from listing of PSU insurance companies.