Developing

Indian Govt Invites Bids On Tuesday To Sell Its 63.75% Stake In Shipping Corporation

The Indian Governmenton Tuesday invited bids to sell its 63.75% stake in Shipping Corporation Of India(SCI) to a private investor, in a key asset sale that was delayed due to the coronaviruspandemic. In a statement on Tuesday, the government said the deadline for submitting initial bids would be Feb. 13. At current stock prices, SCI’s total market value is about 39.15 billion Indian rupees ($529 million).

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