India's Shipping Corp, Container Corp climb on govt plans to sell stake
11/04/2023 07:04
** Shares of state-owned Shipping Corp of India Ltd SCI.NS
up 4.9% at session high of 84.9 rupees
** Stock on course to post its first session of gains in six
** Indian govt. plans to invite financial bids next month
for privatisation of SCI, Reuters reports
** Govt to decide on selling its 63.75% stake in panel meet
on April 14
** Panel to also consider proposal to invite initial bids
for sale of 31% govt. stake in port logistics company Container
Corporation of India CCRI.NS
** CCRI shares rise as much as 3.6% to 598 rupees, biggest
intraday pct. jump in five months
** Up to last close SCI and CCRI shares were down 23.6% and
21.9% respectively, so far this year
(Reporting by Biplob Kumar Das in Bengaluru)
((Biplobkumar.das@thomsonreuters.com))