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Govt may invite expressions of interest for Shipping Corporation this week

The government is planning to sell its entire 63.75 per cent stake in Shipping Corporation, along with transfer of management control

rcep, trade, import, export, shipping, ships, sea, port
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At the current market price, the government’s stake in the shipping company is valued at Rs 2,500 crore

Press Trust of India New Delhi
The government is likely to invite bids this week for the privatisation of Shipping Corporation of India, with buyers getting time till mid-February to submit their expressions of interest (EoIs), said an official.

The government is planning to sell its entire 63.75 per cent stake in Shipping Corporation, along with transfer of management control.

“The Preliminary Information Memorandum will be issued this week and bidders will have time till mid-February to submit their EoIs,” the official told PTI.

The Department of Investment and Public Asset Management is working towards concluding the sale in the current financial year as there is good investor interest

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