{"id":403984,"date":"2021-03-09T11:55:42","date_gmt":"2021-03-09T06:25:42","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=403984"},"modified":"2021-03-09T12:30:32","modified_gmt":"2021-03-09T07:00:32","slug":"vedanta-others-vie-for-shipping-corp","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/vedanta-others-vie-for-shipping-corp\/","title":{"rendered":"Vedanta, others vie for Shipping Corp"},"content":{"rendered":"<p>Vedanta Resources Ltd, Megha Engineering and Infrastructure Ltd (Meil), and Great Eastern Shipping have submitted expressions of interest (EoIs) for buying out the government\u2019s 63.75% stake in Shipping Corp. of India (SCI), said two people aware of the development.<\/p>\n<p>US-based Safesea Group and a consortium of Foresight Offshore Drilling Ltd SA, Belgium-based Exmar NV and Dubai-based GMS DMCC have also submitted EoIs for buying SCI, the people said.<\/p>\n<p>\u201cThis (EoI) will be followed by a shortlisting of qualified interested parties, post which RFP (request for proposal) and draft definitive agreements will be shared through a data room created for this purpose. Post this, financial bids will be submitted, and a reserve price will be fixed,\u201d said one of the two people cited above. \u201cOnce a buyer has been selected, it has to make an open offer to public shareholders to acquire a minimum of 26% shares of SCI.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vedanta Resources Ltd, Megha Engineering and Infrastructure Ltd (Meil), and Great Eastern Shipping have submitted expressions of interest (EoIs) for buying out the government\u2019s 63.75% stake in Shipping Corp. of India (SCI), said two people aware of the development. US-based Safesea Group and a consortium of Foresight Offshore Drilling Ltd SA, Belgium-based Exmar NV and Dubai-based GMS DMCC have also submitted EoIs for buying SCI, the people said. \u201cThis (EoI) will be followed by a shortlisting of qualified interested parties, post which RFP (request for proposal) and draft definitive agreements will be shared through a data room created for this [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[141,130,183],"tags":[],"class_list":["post-403984","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-oil-gas-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/403984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=403984"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/403984\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=403984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=403984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=403984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}