The Union government is contemplating shedding more than 54 per cent stake in Shipping Corporation of India (SCI) in an effort to keep it listed.
Though its current plan is to dilute the stake in the corporation to 26 per cent from the present 80.12 per cent, a subsequent open offer from the strategic investor could bring the floating stock down to well below 10 per cent.
The government has said in the final draft of the shareholders agreement,
