(a) whether the Government propose to bring down their holding in Shipping Corporation of India (SCI) below 50 per cent; and
(b) if so, the details thereof?
(a) whether the Government propose to bring down their holding in Shipping Corporation of India (SCI) below 50 per cent; and
(b) if so, the details thereof?
MINISTER OF SURFACE TRANSPORT
(SHRI RAJNATH SINGH)
(a)&(b): The Disinvestment Commission, in its 4th report, had given recommendations for disinvestment of shares in Shipping Corporation of India (SCI). The Commission had, inter-alia, recommended disinvestment of 40% of SCI`s shares to the Oil Sector Companies, over and above the 20% shares already disinvested. The Oil Sector Companies have indicated that they may not be keen on buying SCI equity. The matter is under consideration.