a) whether the Government has issued Expression of Interest to sell its 64 percent stake in Shipping Corporation of India (SCI);
b) if so, the details thereof and the reasons therefor;
c) whether any consultations with stakeholders, trade unions and other stakeholders were held in this regard; and
d) if so, the outcome thereof?
(a) to (d) Yes. In January 2020, Department of Investment and Public Asset Management (DIPAM) has engaged the following for Strategic disinvestment of SCI:-
i) M/s Protocol Insurance Surveyors & Loss Assessors Pvt. Ltd. as Assets Valuer.
ii) M/s RBSA Capital Advisors LLP as Transaction Advisor.
iii) M/s Luthra&Luthra Partners as Legal Advisor.
The PIM (Preliminary Information Memorandum) for inviting expression of interest for disinvestment of government entire 63.75% shareholding in the Shipping Corporation of India Limited (SCIL) along with the handing over of its management control was released on 22nd December 2020. The Important Dates related to PIM were as under:
S.
No. Activity Date Time (IST)
1 Publication of Advertisement and
Release of PIM 22nd December 2020 NA
2 Last date and time for submission of
written queries on PIM 23rd January 2021 17:00
3 Last date and time (“EOI Due Date”) for
EOI’s submission* 1st March 2021 17:00