June 14, 2023
3 min

Govt to list SCI's non-core assets on bourses, to invite privatisation ... - India Shipping News

The Indian government is expected to invite financial bids for the privatisation of Shipping Corporation of India (SCI) after its non-core assets are listed on the stock exchanges this month, according to an official. The government has established Shipping Corporation of India Land And Assets Ltd (SCILAL) as a separate entity for SCI's non-core assets, valued at INR23.92bn ($325m) as of 31 March. SCILAL will be listed on the stock exchanges, with every SCI shareholder receiving one share, before the privatisation process begins. Multiple expressions of interest have already been received for the SCI privatisation.

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Adhikansh Gupta
Content Manager

Writer and editor who covers the latest trends and innovations in the software-as-a-service (SaaS) industry