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Shipping Corp picks Corporate Professionals Capital for spin off of non-core assets


April 15, 2021
Government has decided to sell its 63.75% stake in SCI to a private strategic buyer
The Shipping Corporation of India Limited has hired Corporate Professionals Capital Pvt Ltd as consultant for undertaking demerger/ hive off/ transfer of non-core assets and ‘assets held for sale’ ahead of the ongoing process of privatising the State-run fleet owner.
The consultant is tasked with suggesting a roadmap on the scheme of de-merger/hive off/ disposal/transfer/alienation of its non-core assets (real estate), both freehold and leasehold, from core assets for a smooth transition, ensuring compliance with required procedure and applicable laws and removing all legal and procedural bottlenecks to “maximise value for the company and shareholders”. ....

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TruJet confirms sale of 49% stake to Interups Inc


TruJet confirms sale of 49% stake to Interups Inc
TruJet confirmed (01-Apr-2021) Interups Inc acquired a 49% stake in the LCC. TruJet plans to utilise the funds generated by the stake sale to expand its network in
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Welcome To IANS Live - LatestNews - US-based Interups picks 49% stake in regional airline TruJet


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New Delhi, April 1 (IANS) New York-based Interups Inc has picked 49 per cent stake in Hyderabad-headquartered Turbo Megha Airways Pvt Ltd operates under the name TruJet.
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Update: 01-April-2021 ....

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