The Finance Ministry has invited global expression of interest for strategic disinvestment of 63.75% government-held shares in Shipping Corporation of India along with transfer of management control.
The Finance Ministry has invited global expression of interest for strategic disinvestment of 63.75% government-held shares in Shipping Corporation of India along with the transfer of management control.
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The government proposes to disinvest its entire shareholding in SCIL comprising 29,6942,977 equity shares, which amount to 63.75% of SCIL's equity share capital.
Those interested in picking up a stake, need to submit their expression of interest by February 13, 2021.
Currently, SCI's total market value is about Rs 3,915 crore.
The in-principle approval from the Cabinet Committee on Economic Affairs for strategic divestment of SCIL came in November 2019. The onset of the Coronavirus pandemic delayed the disinvestment plans.
