The government will sell a 10 percent stake in the shipping services firm and the company will issue another 10 percent of fresh equity. The government expects the share sale to generate 13 billion rupees ($291 million) from the stake sale. (Reuters)
Shipping Corp of India files regulator application for FPO
posted by AJOT | Oct 12 2010 at 08:00 PM | Liner Shipping
State-run Shipping Corp of India said it has filed an application for its follow-on public offer with the stock market regulator.