 "The government’s near 63.75 per cent stake, held in the shipping company, was valued at close to Rs 2,492 crore")
The cabinet secretary-headed core group of secretaries on divestment will, on Monday, take up the issue of preliminary information memorandum (PIM) and expression of interest (EoI) for privatisation of Shipping Corporation of India that may include conditions such as a one-year lock in period and a three-year business continuity plan.
The panel of secretaries will discuss conditions laid out for the privatisation, and suggest changes if required, said a top government official. The PIM and EOI are then expected to be taken by the alternative mechanism on strategic divestment on December 18, and will subsequently be made public. The
The panel of secretaries will discuss conditions laid out for the privatisation, and suggest changes if required, said a top government official. The PIM and EOI are then expected to be taken by the alternative mechanism on strategic divestment on December 18, and will subsequently be made public. The
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