SCI Disinvestment Latest News: Big update on Regulatory Approval - Demerged company listing date, stake sale details and more
SCI Disinvestment Latest News: 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
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.
Also Read | Click Here For Latest Updates On Stock Market | Zee Business Live
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
lok-sabha-elections-2024-final phase-7 voting-date-last day to vote general election timings-states-seats-key-candidates-constituencies-ls-polls-general-election-schedule-time-table-results-date
From Axis to IDFC First - These bank stocks can give bumper returns in 3-4 weeks – Check target price and stop loss
Rules Changing from June 1: Aadhaar card update, driving license, LPG price and others - Check Full List
Central Railways' 63-hour mega block to hit Mumbai local train services, check dates and other details
SBI Senior Citizen FD Interest Rates 2024: What Rs 2 lakh, Rs 4 lakh, and 6 lakh, and Rs 8 lakh investments will give you in 1-, 3-, and 5-year FDs
Gold and Silver rate today (May 30, 2024): Precious metal futures trade in red; yellow metal near Rs 72,000, white metal falls by nearly Rs 1,500
Top 5 Defence PSU Stocks: Investors buying 1 unit of top PSU defence stock a month made Rs 40,299.40 on Rs 23,003.25 investment in 1 year
03:25 PM IST