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. Govt had earlier this year cleared a 100 per cent stake sale in CEl via 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. 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.