Page 5 - வேதாந்தா வளங்கள் லிமிடெட் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Vedanta, Meil, Great Eastern, others vie for Shipping Corp Vedanta Resources Ltd, Megha Engineering and Infrastructure Ltd (Meil), and Great Eastern Shipping have submitted expressions of interest (EoIs) for buying out the government’s 63.75% stake in Shipping Corp. of India (SCI), said two people aware of the development. US-based Safesea Group and a consortium of Foresight Offshore Drilling Ltd SA, Belgium-based Exmar NV and Dubai-based GMS DMCC have also submitted EoIs for buying SCI, the people said, requesting anonymity. “This (EoI) will be followed by a shortlisting of qualified interested parties, post which RFP (request for proposal) and draft definitive agreements will be shared through a data room created for this purpose. Post this, financial bids will be submitted, and a reserve price will be fixed,” said one of the two people cited above. “Once a buyer has been selected, it has to make an open offer to public shareholders to acquire a minimum of 26% shares of

United arab emiratesRavik mehrotraVedanta resources ltdInfrastructure ltd meilBharat petroleum corpSafesea groupForesight groupSafesea group onForesight offshore drilling ltdCapital advisorsResources ltdMegha engineeringInfrastructure ltdGreat eastern shippingBelgium based exmarVedanta resources