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Top headlines: Govt moves to privatise shipping firm; a new unicorn is born

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Non core assets of the company are being hived off and will not be a part of the sale.

BS Web Team New Delhi
Govt invites bids for sale of its 63.75% stake in Shipping Corporation

The government has invited bids for its entire stake in the Shipping Corporation of India, paving the way for yet another privatisation of a state-owned company after BPCL. The interested buyers will have to submit an expression of interest to acquire the government’s 63.75 per cent stake in the shipping company by February 13, 2021. Buyers can submit their queries to transaction adviser by January 23, said the preliminary information memorandum released by the government. Read more

New coronavirus strain still not found in India: Health

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First Published: Dec 22 2020 | 5:50 PM IST

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