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Following the listing of SCILAL, the government will look to invite expressions of interest for its 63.75 percent stake in SCI. The government expects three to five players to bid for its stake.
As part of its strategic disinvestment plan, the government will transfer its entire shareholding of 63.75% in SCI, along with management control, to a private entity.
The government plans to invite financial bids for the privatisation of Shipping Corp in May, as it looks to sell the state-run company after years of delay, a report has said