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07 August 2020 The on-line newspaper devoted to the world of transports 05:09 GMT+2

July 11, 2003

Govt may explore scope for placing SCI & DCI shares before public

Considering the fact that there are just three domestic players left in the fray for acquiring a controlling 51 per cent stake in the Shipping Corporation of India (SCI), the Union government is veering round to the view that the Initial Public Offer (IPO) route may be more advisable to follow in the process of disinvestment of the shipping major as well as the Dredging Corporation of India (DCI).

The Ministry of Disinvestment is understood to have put up a proposal to the Cabinet Committee on Disinvestment (CCD) that even DCI should be put up for sale via the IPO route of about 20 per cent of the government's 98.56 per cent stake in Mini-Ratna DCI ......
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