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25 September 2020 The on-line newspaper devoted to the world of transports 15:25 GMT+2

March 29, 2005

Centre may sell 15% in Shipping Corp

Vishaka Zadoo in New Delhi

The Centre has kicked off the divestment process for the next fiscal year with the finance ministry circulating a Cabinet note for the sale of around 15 per cent stake in Shipping Corporation of India.

At present, the government holds an 80.1 per cent stake in the shipping company, while financial institutions, mutual funds (including UTI), banks and Life Insurance Corporation hold 7.6 per cent. Corporate bodies and NRIs hold 1.7 per cent and the Indian public holds 2.8 per cent ......

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