Bid invitation for Shipping Corporation of India

by Psu Connect
Date: 22-12-20

This disinvestment process is being implemented through competitive bidding route Preliminary Information Memorandum ("PIM") for inviting Expression of Interest ("For) from interested parties ("IP") can be downloaded from websites of DIPAM.

Bid invitation for Shipping Corporation of India

Representive Image (PSU Connect)

New Delhi: The Government of India opens up for the Global invitation for expression of interest for strategic disinvestment of 29,69,42,977 equity share (61.75%) held by government of India in Shipping Corporation of India Limited along with management control.

SCIL is a Central Public Sector Enterprise ("CPSE"), under the administrative control of the Ministry of Ports, Shipping and Waterways ("MoPSW, GOI, engaged primarily in the activity of transporting goods and passengers. SCIL's owned fleet includes bulk carriers, crude oil tankers, product tankers, container vessels, passenger cum cargo vessels, LPG/ Ammonia carriers, and offshore supply vessels.

The Government of India is proposing strategic disinvestment of its entire shareholding in SCIL comprising 29,69,42.977 equity shares, which constitutes 63.75% of SCIL's equity share capital ("Stake") along with transfer of management control to investors. Gothas appointed RBSA Capital Advisors LLP, as its Transaction Advisor (TA) to advise and manage the strategic disinvestment process.

This disinvestment process is being implemented through competitive bidding route Preliminary Information Memorandum ("PIM") for inviting Expression of Interest ("Eor) from interested parties ("IP") can be downloaded from websites of DIPAM.

IPs (Sole bidderts) or a consortium who meet the eligibility criteria mentioned in the PIM, may submit their EOI either in electronic form via email or in physical form in a sealed envelope superscribed "Private and confidential Expression of Interest for the Strategic Sale of SCIL" not later than 17.00 hours (Indian Standard Time) on 13.02.2021 (Saturday).

However, IPs submitting EOI by email shall also be required to submit the EO1 in physical copy in a sealed envelope superscribed "Private and Confidential- Expression of Interest for the Strategic Sale of SCIL" not later than 17.00 hours (Indian Standard Time) on 01.03.2021(Monday). For further details visit DIPAM.

Bid invitation for Shipping Corporation of India

This disinvestment process is being implemented through competitive bidding route Preliminary Information Memorandum ("PIM") for inviting Expression of Interest ("For) from interested parties ("IP") can be downloaded from websites of DIPAM.

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