 "Safesea Group gets approval to bid for Shipping Corporation of India")
The Safesea Group has received the green signal to bid for Shipping Corporation of India (SCI), and will be given access to the company’s confidential financial data along with other bidders on Monday.
Intermediaries have cleared Safesea Group’s name as one of the qualified bidders to buy the government’s stake in SCI after concerns were raised on the company’s ineligibility due to an ongoing dispute, said an official.
Intermediaries were asked to run the eligibility criteria again on the group, so that the process did not fall through if Safesea was selected as the winning bidder for the shipping company.
Now, the company
