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Great Eastern Shipping, Foresight lead suitors for SCI

Photo: Shirish Nadkarni
Great Eastern Shipping Co and the London-based Foresight Group are among the leading names that have put in bids to buy national carrier Shipping Corporation of India (SCI), which has been put up for sale by the Indian government.
India’s Cabinet had, in November 2019, given an in-principle approval for the strategic divestment of its entire 63.75% equity stake in SCI, and also its shareholding in rail-borne cargo carrier, Container Corporation of India (CONCOR). However, the swift spread of the worldwide Covid-19 pandemic delayed the disinvestment process.
Indian Finance Minister Nirmala Sitharaman, said in her Budget speech for 2021-22, had said that a number of disinvestment transactions for Bharat Petroleum Corp Ltd (BPCL), Air India, Shipping Corp of India, Container Corp of India, IDBI Bank, BEML, Pawan Hans and Neelachal Ispat Nigam, among others, would be completed in fiscal 2021-22. ....

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Race for SCI: GE Shipping, Watsa's Fairfax, Vedanta in fray

(Representative image)
NEW DELHI: The stage is set for a battle for Shipping Corporation of India’s (SCI’s) privatisation, with the government receiving multiple bids, including from Great Eastern (GE) Shipping, a consortium comprising Prem Watsa’s Fairfax and the UAE’s Safe Seas and Anil Agarwal’s Vedanta group.
A surprise entrant is a consortium led by Foresight Group, comprising Belgium listed shipping company Exmar and Dubai-based shipping company GMS DMCC. Foresight is headed by Ravi Mehrotra, who owns the footwear brand Pavers England, and is expected to bid aggressively, sources told TOI.
Seven Islands, a Mumbai-based logistics company was another bidder, said sources. “Multiple expressions of interest have been received for privatisation of SCI. ....

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Formal Shoes Market Emerging trends, Global Demand and Top Brands 2021 – KSU

Regions Are covered By Formal Shoes Market Report 2021 To 2026
For comprehensive understanding of market dynamics, the global Formal Shoes market is analyzed across key geographies namely:
North America (United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, and Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa). Each of these regions is analyzed on the basis of market findings across major countries in these regions for a macro-level understanding of the market.
Key Highlights of the Report
– Quantitative market information and forecasts for the global Formal Shoes industry, segmented by type, end-use, and geographic region. ....

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