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Read more about Shipping Corp surges 19% as govt gets multiple bids for privatisation on Business Standard. DIPAM, in December, had invited EoI for strategic disinvestment of its entire stake of 63.75 per cent in Shipping Corp of India
Shipping Corporation of India share hit a new 52 week high today after the government said it received multiple bids for privatisation of the PSU. The small cap stock touched a fresh high of Rs 123.55, rising 19.14% against previous close of Rs 103.75 on
London-based shipping firm Foresight Group is among the multiple bidders who have put in preliminary bids for buying the government''s entire stake in Shipping Corporation of India, sources said.
Read more about Govt gets multiple bids for Shipping Corporation of India privatisation on Business Standard. The last date for submitting the bids was February 13, which was later extended to March 1
The sale of stakes in Air India, Bharat Petroleum Corp., Shipping Corporation of India, BEML and Container Corp. of India, among others, will pick up pace from March. The disinvestment target for FY22 has been set at Rs 1.75 lakh crore.