India may invite financial bids for the sale of Shipping Corporation of India (SCI) by September, PTI reported.
An official told the news agency that financial bids will be sought after the divestment of non-core assets.
The official was quoted by PTI as saying: “The process of demerger is time consuming. We would be ready to invite financial bids in three to four months.”
This comes after the SCI board approved a revised demerger scheme that involves hiving off SCI’s non-core assets to Shipping...
https://www.ship-technology.com/news/india-financial-bids-sci/