Psu
Shipping Corporation of India announced the update on demerger of its non-core assets
The Company is taking necessary actions to obtain all necessary approvals from the Competent Authority/ies to bring this Scheme into effect.
New Delhi: Shipping Corporation of India announced that the board of directors of Shipping Corporation of India Land and Assets in its meeting held on 16 November 2021, has considered and approved the Scheme of Arrangement for Demerger of 'Non-Core Assets' between Shipping Corporation of India (Demerged Company) and Shipping Corporation of India Land and Assets (Resulting Company).
The Company is taking necessary actions to obtain all necessary approvals from the Competent Authority/ies to bring this Scheme into effect.
(Article by Capital Market)
Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel
