Financial bids invited for privatisation of Shipping Corp of India

Capt. John

TWO government officials informed Reuters that the Indian government intends to solicit financial bids for the privatisation of Shipping Corporation of India Ltd (SCI) in the coming month, Reuters reports. The Indian government had proposed privatising several state-run companies, including divesting its stake in SCI in 2019, but regulatory delays impeded progress. Before the government could sell its 63.75 per cent share, SCI had to dispose of its non-core assets, but the process hit a snag...

https://www.seanews.com.tr/financial-bids-invited-for-privatisation-of-shipping-corp-of-india/196515/

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