The government has invited expressions of interest (EoI) for strategic disinvestment of its 63.75 percent stake in Shipping Corp of India (SCI) along with the transfer of management control by February 13.
The Department of Investment and Public Asset Management (DIPAM) has also issued a Preliminary Information Memorandum (PIM) inviting Expressions of Interest (EoI) from potential buyers by February 13.
As per the memorandum, here are the eligible entities for the strategic sale:
As per the memorandum, here are the financial criteria for the strategic sale:
Meanwhile, the memorandum said that certain non-core assets will be hived off from SCI. Further, matters such as conditions relating to the bearing of Indian flag, employee protection, retirement policy including VRS, asset stripping, business continuity, lock-in of the shares acquired in the Transaction, shall be specified in the RFP/SPA.
First Published: IST