Indian govt to invite financial bids for Shipping Corp in May: Report
This particular move has come in after multiple years of delay in the sale of the state run company, Reuters reported.
Stay updated with breaking news from Assets Ltd. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
This particular move has come in after multiple years of delay in the sale of the state run company, Reuters reported.
The government holds a 63.75% stake in SCI.
The government had, in 2019, announced plans to privatise a number of state-run companies, including selling its stake in SCI, which was stalled due to regulatory delays.
The Indian government plans to invite financial bids for the privatization of Shipping Corp of India Ltd (SCI) next month…
By Nikunj Ohri NEW DELHI, April 11 (Reuters) – The Indian government plans to invite financial bids for the privatisation of Shipping Corp of India Ltd (SCI) next month, as it looks to sell the...