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Govt may sell 51% stake in Dredging Corporation

Govt may sell 51% stake in Dredging Corporation

Monday, March 6, 2017, 11:46 AM

The government is looking to sell 51 percent of its stake in Dredging Corporation of India. Dredging Corporation is among the government's mini-Ratna public sector enterprises. A strategic stake sale should come by the middle of the next financial year starting. At present, the government holds 73.47 percent in the firm and 51 percent stake sale would be worth Rs 636 crore.
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