Business Services Industry
INDIA: GOVERNMENT RECEIVES BIDS FOR ITS 51% STAKE IN SCI.(Shipping Corporation of India)(Brief Article)
IPR Strategic Business Information Database, February, 2002
Shipping companies have placed their initial bids for buying the government's 51% stake in Shipping Corporation of India (SCI). The government has so far received bids from at least six shipping companies including Malaysia International Shipping Corporation (MISC) and Essar Shipping, according to the Hindustan Times.
The deadline for potential buyers to submit their bids is today. The government aims to complete the process by June 2002. -(EMEconomy.com)
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