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Govt appoints RBSA as transaction advisor for disinvestment of DCIL

DCIL is a listed entity under the administrative control of the Ministry of Shipping

Aditi Divekar  |  Mumbai 

Govt gears up for divestment drive
Illustration: Ajay Mohanty

The Centre has appointed as of of (DCIL).

The has decided to divest a 73.47 per cent equity share holding in of India, through strategic sale, in one go through two-stage auction process, RBSA said on Thursday.

DCIL is a listed entity under the administrative control of the Ministry of Shipping.

With a market capitalisation of over Rs 20 billion, DCIL has emerged as a leading enterprise in in the field of dredging over the years.

The company’s top line stands at Rs 6.01 billion, with an earnings before interest, tax, depreciation and amortisation (Ebitda) of Rs 1.65 billion, informed RBSA.

First Published: Fri, February 09 2018. 05:45 IST
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