December 1, 2020: Vedanta and Dubai’s DP World have shown interest in acquiring a stake in Shipping Corporation of India (SCI), The Economic Times said citing people familiar with the matter. The roadshows attracted up to 9 potential investors, including shipping companies from Norway and South Korea, the people said.
The government plans to sell its entire 63.75% shareholding in SCI to the strategic buyer. The Cabinet Committee on Economic Affairs first approved the strategic divestment in November 2019. RBSA Capital Advisors is the deal adviser for the divestment process. L&L Partners is the legal adviser.
Source: VCCircle
