No decision on Shipping Corp divestment: Minister

Monday - Mar 15, 2010, 04:00pm (GMT+5.5)

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New Delhi, March 15 (IANS) The government told parliament Monday that it hasn't decided on selling stake in the Shipping Corp of India (SCI), a state-run navratna.

"As of now, we don't have any concrete proposal to reduce government stake in Shipping Corp of India," Shipping Minister G.K Vasan said during question hour in the Lok Sabha.

Earlier, the ministry was considering a 20-percent divestment of government stake in the company out of 80 percent it currently holds.

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