Government invites bids for selling its stake in Shipping Corporation of India
The government proposes to sell its entire shareholding of 63.75% in the listed entity to a buyer that will takeover the company with full management control.
The proposed initiation of strategic sale plan for SCI is the second big initiative by the Centre after two of its entities - Air India and BPCL have reached advanced stages of bidding to sell the entire government equity.
Interested players have to submit initial bids by February 13, 2021, said a preliminary information memorandum document.
RBSA Capital Advisors is the transaction advisor to the disinvestment.
Top stocks to watch – SpiceJet, InterGlobe Aviation, Tata Motors, Pfizer, Asian Paints, NIIT, Lupin, and others
Mrs Bectors Food Specialities IPO allotment today: Here’s how to check share allotment status
Google, Microsoft invest in DailyHunt for its short video platform Josh – making it the latest unicorn in India