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Govt may invite EoIs for Shipping Corporation sale this week

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NEW DELHI : The government is likely to invite bids for privatising Shipping Corporation of India this week and buyers will have time till mid-February to submit EoIs, an official said.The government is planning to sell its entire 63.75% stake in Shipping Corporation along with transfer of management control."The Preliminary Information Memorandum (PIM) will be issued this week and bidders will have time till mid-February to submit EoI," the official told PTI.The Department of Investment and Public Asset Management (DIPAM) is working towards concluding the sale in the current financial year as there is good investor interest and the transaction size is not big.Shares of Shipping Corp closed at ₹86.55, up 3.22% over the previous close on the.

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United States
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