Govt plans to invite financial bids for Shipping Corp of India by mid-May: Report

The final decision, however, will be taken on April 14 by a panel headed by the cabinet secretary.

SCI had to spin off its non-core assets before the government could sell its 63.75 per cent stake. The divestment hit roadblocks over the amount of funds that had to be transferred to the demerged entity. The spinoff received regulatory approval in February and was completed last month.

Read More at Business Today