Friday , 16 November 2018
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CCEA approves disinvestment of 100% Govt stake in Dredging Corporation of India

CCEA approves disinvestment of 100% Govt stake in Dredging Corporation of India

Cabinet also approved leasing out six airports, namely Ahmedabad, Jaipur, Lucknow, Guwahati, Thiruvananthapuram and Mangaluru for operation, management, and development under Public Private Partnership.

The Cabinet approved laying down procedures and mechanisms for sale of enemy shares. Sale proceeds are to be deposited as disivestment proceeds in the government account maintained by ministry of Finance.

The Cabinet Committee on Economic Affairs approved 100% strategic disinvestment of the government’s equity in the Dredging Corporation of India Ltd.

Presently, government of India holds 73.44% shares in Dredging Corporation of India Limited.

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