Stocks

SCI transfers shareholding in arm to GS Enterprises

| Updated on July 03, 2014 Published on July 03, 2014

Shipping Corporation of India has transferred its shareholding in SCI Forbes to GS Enterprises (an affiliate of Shapoorji Pallonji Group) on July 2 with an intention to exit the joint venture. While SCI held 50 per cent stake in SCI Forbes, Shapoorji Pallonji Group firms Forbes & Co Ltd and Sterling Investment Pvt Ltd hold 25 per cent stake, respectively. Shares of SCI closed at ₹67.4, down 1.8 per cent.

Published on July 03, 2014
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