Govt extends deadline for submission of bid for Shipping Corp to

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By Ashish Mitra --
Friday, 12 Feb, 2021

The government has extended the deadline for submission of preliminary bids to buy Shipping Corp of India to March 1.

The Department of Investment and Public Asset Management (DIPAM) in December had invited expressions of interest for strategic disinvestment of its entire stake of 63.75 per cent in the Shipping Corp of India along with the transfer of management. The last date for submitting the bid was February 13.The same has been extended to March 1, the DIPAM said in a notice.

The Cabinet had in November last year had given in-principle approval for strategic divestment of Shipping Corp and Container Corp of India Ltd. However, the plans were delayed due to the pandemic.

Here, ut may be interesting to note that in her Budget speech for 2021-22, Finance Minister Nirmala Sitharaman had said, 'A number of transactions namely Bharat Petroleum Corp Ltd, Air India, Shipping Corp of India, Container Corp of India, IDBI Bank, BEML Ltd, Pawan Hans, Neelachal Ispat Nigam Ltd among others would be completed in 2021-22'.

Govt extends deadline for submission of bid for Shipping Corp to . The government has extended the deadline for submission of preliminary bids to buy Shipping Corp of India to March 1.

The Department of Investment and Public Asset Management (DIPAM) in December had invited expressions of interest for strategic disinvestment of its entire stake of 63.75 per cent in the Shipping Corp of India along with the transfer of management. The last date for submitting the bid was February 13.The same has been extended to March 1, the DIPAM said in a notice.

The Cabinet had in November last year had given in-principle approval for strategic divestment of Shipping Corp and Container Corp of India Ltd. However, the plans were delayed due to the pandemic.

Here, ut may be interesting to note that in her Budget speech for 2021-22, Finance Minister Nirmala Sitharaman had said, 'A number of transactions namely Bharat Petroleum Corp Ltd, Air India, Shipping Corp of India, Container Corp of India, IDBI Bank, BEML Ltd, Pawan Hans, Neelachal Ispat Nigam Ltd among others would be completed in 2021-22'.