"The stock exchange listing of SCILAL should happen by June. Thereafter clarity will emerge of privatisation of SCI and then financial bids will be invited," an official said.
New Delhi : The government is likely to invite financial bids for the privatisation of Shipping Corporation of India (SCI) after listing its non-core asset business on the stock exchanges this month. The non-core asset business of SCI which is the SCILAL (Shipping Corporation of India Land And Assets Ltd) is valued at ₹2,392 crore as of 31 March,2022. As part of the demerger process, SCILAL will be listed on the stock exchanges, and every shareholder of the Shipping Corporation of India (SCI) will get one share of SCILAL, reported news agency.
"The stock exchange listing of SCILAL should happen by June. Thereafter clarity will emerge of privatisation of SCI and then financial bids will be invited," an official said. The government currently holds a 63.75 per cent stake in SCI.In February, the Ministry of Corporate Affairs approved the scheme of arrangement between the Shipping Corporation of India and SCILAL.
In November 2020, The central cabinet had given in-principle approval for the strategic divestment of SCI. In December 2020, the Department of Investment and Public Asset Management (DIPAM) invited expressions of interest (EoI) for the strategic sale of its entire stake in SCI, along with the transfer of management control. Following that, in March 2021, it received multiple EoIs for SCI privatisation. In the current fiscal, the center has set a disinvestment target of ₹51,000 crore. It has mopped up ₹4,235 crore so far this fiscal through minority stake sales.
New Delhi : The government is likely to invite financial bids for the privatisation of Shipping Corporation of India (SCI) after listing its non-core asset business on the stock exchanges this month. The non-core asset business of SCI which is the SCILAL (Shipping Corporation of India Land And Assets Ltd) is valued at ₹2,392 crore as of 31 March,2022. As part of the demerger process, SCILAL will be listed on the stock exchanges, and every shareholder of the Shipping Corporation of India (SCI) will get one share of SCILAL, reported news agency.
"The stock exchange listing of SCILAL should happen by June. Thereafter clarity will emerge of privatisation of SCI and then financial bids will be invited," an official said. The government currently holds a 63.75 per cent stake in SCI.In February, the Ministry of Corporate Affairs approved the scheme of arrangement between the Shipping Corporation of India and SCILAL.
In November 2020, The central cabinet had given in-principle approval for the strategic divestment of SCI. In December 2020, the Department of Investment and Public Asset Management (DIPAM) invited expressions of interest (EoI) for the strategic sale of its entire stake in SCI, along with the transfer of management control. Following that, in March 2021, it received multiple EoIs for SCI privatisation. In the current fiscal, the center has set a disinvestment target of ₹51,000 crore. It has mopped up ₹4,235 crore so far this fiscal through minority stake sales.
إرسال تعليق