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.
| Company Name | CMP |
|---|---|
| Shipping Corpn. | 317.00 |
| GE Shipping | 1528.20 |
| Dredging Corp | 953.25 |
| Seamec | 1572.25 |
| Shreeji Ship.Global | 425.40 |
| View more.. | |
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