RBSA gets second disinvestment deal; named advisor for Shipping Corp

The Union government's Department of Investment and Public Asset Management (DIPAM) has appointed RBSA Advisors as the transaction advisor for the privatisation of Shipping Corporation of India. The government has a 63.75 per cent equity stake in the Indian flag carrier, which will be sold along with management control. 

With consolidated revenue of more than Rs 4,000 crore and a balance sheet size in excess of Rs 14,000 core, SCI is one of India's largest shipping companies in terms of Indian-flagged tonnage. 

SCI is involved in the business of transporting goods and passengers. SCI's owned fleet includes bulk carriers, crude