SCI Disinvestment Latest News: Big update on Regulatory Approval - Demerged company listing date, stake sale details and more

SCI Disinvestment Latest News: It's a big update on Shipping Corporation of India (SCI) Disinvestment! According to an exclusive report by Zee Business, the Regulatory Approval for SCI Disinvestment is likely to be confirmed soon. As per the exclusive report by Zee Business, the demerged company of SCI is likely to be listed in January 2023.

FULL DETAILS on SCI Disinvestment Latest News In This Video: ZEE Biz Exclusive:-

#ZBizExclusive | SCI के विनिवेश से जुड़ी बड़ी खबर...

#SCI के विनिवेश की रेगुलेटरी मंजूरी जल्द

SCI की डीमर्ज हुई कंपनी जनवरी तक लिस्ट होगी

सरकार SCI में करीब 63% हिस्सा बेचेगी

जानिए पूरी खबर तरुण शर्मा से...#Divestment #SCIDivestment @talktotarun @AnilSinghvi_ pic.twitter.com/dzcYIeXqUq

— Zee Business (@ZeeBusiness) October 27, 2022

The government will sell 63% stake in Shipping Corp of India (SCI).

In May this year, the board of Shipping Corp had approved an updated demerger scheme for hiving off the non-core assets of SCI to Shipping Corporation of India Land and Assets Ltd (SCILAL) including Shipping House, Mumbai and MTI (Maritime Training Institute), Powai to complete the process of de-merging all the non-core assets to the new company SCILAL.

As per the balance sheet of SCI, the value of non-core assets held for demerger as of March 31, 2022, stood at ₹2,392 crore.

In March 2021, the government had received multiple bids for privatisation of Shipping Corporation of India. However, the demerger process got delayed.

The Department of Investment and Public Asset Management (DIPAM) in December 2020, had invited expressions of interest (EoI) for strategic disinvestment of its entire stake of 63.75 per cent in Shipping Corp of India, along with the transfer of management.

The Cabinet, in November in 2020, had given in-principle approval for strategic divestment of Shipping Corp. 

The government has budgeted to garner ₹65,000 crore from Central Public Sector Enterprise (CPSE) disinvestment in the ongoing 2022-23 fiscal. So far, ₹24,544 crore has been mobilised through CPSE disinvestment.

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