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