{
The Shipping Corporation of India Limited

Companies

}

Shipping Corporation of India strategic sale delayed until fiscal year 2026

The strategic sale of the Shipping Corporation of India (SCI) is expected to be delayed until FY26 due to challenges in transferring leases for key non-core assets, including the Shipping House and Maritime Training Institute in Mumbai. Despite a recent stamp duty waiver approved by the Maharashtra government, bureaucratic hurdles in finalizing the lease transfer to the demerged Shipping Corporation of India Land and Assets Limited (SCILAL) have complicated the disinvestment process, prompting a reassessment of the timeline.
Moneycontrol
The Shipping Corporation of India Limited IND
Finance & Economy, News Article
07:21 24.10.2024
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