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Government to sell 5% stake in Dredging Corporation of India

20 Aug 2015 Evaluate

Government will sell 5% of its stake in the country’s largest dredging company, Dredging Corporation of India through Offer for Sale. The government will sell up to 14 lakh shares of face value of Rs 10 each a move that will fetch up to Rs 57 crore to its kitty.

The offer shall take place during trading hours on a separate window of the Stock Exchanges and shall commence on August 21, 2015 at 9:15 am and shall close on the same date at 3:30 pm.

Dredging Corporation of India (DCI) was established to provide dredging services to the major ports of the country in India. DCI is a pioneer organization in the field of dredging and maritime development. It is fully equipped to offer the complete range of dredging and allied services to the users in India and abroad.



Dredging Corp Share Price

953.25 5.00 (0.53%)
06-May-2026 09:44 View Price Chart
Peers
Company Name CMP
Shipping Corpn. 317.00
GE Shipping 1528.20
Dredging Corp 953.25
Seamec 1572.25
Shreeji Ship.Global 425.40
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