Corporate Announcement
Security Code : 523618    Company : DREDGECORP    
 
Announcement under Regulation 30 (LODR)-Diversification / DisinvestmentDownload PDF Download XBRL
  Exchange Received Time  27/11/2018 20:06:53         Exchange Disseminated Time   27/11/2018 20:06:56              Time Taken   00:00:03

DCI/CS/E.1/2018 27/11/2018

The Secretary,
The Stock Exchange, Mumbai
25th Floor, Rotunda Building, Phiroze, Jeejeebhoy Towers
Dalal Street, Fort, Mumbai -400001 Code : 523618


Subject : In-principal Approval of Cabinet for strategic disinvestment of 100% Government of India shares in DCI

Ministry of Shipping vide its letter no. SS-28026/18/2016- DCI-Part (4) communicated in-principal Approval of Cabinet for strategic disinvestment of 100% Government of India shares in DCI in favour of a consortium of four ports, namely Vishakhapatnam Port Trust (as the consortium leader), Paradip Port Trust, Jawaharlal Nehru Port Trust and Kandla Port Trust (now Deendayal Port Trust) Visakhapatnam Port Trust would lead hthe consortium. Government of India holds 73.47% of the Paid up share capital of the Company of Rs.28 Cr.
 

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