When does the government plan to disinvest Shipping Corporation of India?
Answer
Answer
DIPAM, the nodal disinvestment body, plans to invite financial bids for Shipping Corporation of India by Sep-22. This will be only be undertaken after the non-core assets are demerged. Two of the major non-core assets that will be hived off are the Shipping House in South Mumbai and the Maritime Training Institute in Powai located in the Mumbai suburbs. SCI non-core assets are valued at Rs.2,392 crore as per Mar-22 balance sheet and the centre owns 63.75% in SCI. It plans to completely exit its holdings in Shipping Corp.