Hindustan Times (Patiala)

Govt plans strategic sale of Dredging Corp of India

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The government is planning an outright sale of Dredging Corp of India Ltd through auction, which could fetch about ₹1,400 crore to the exchequer. Besides, there is a proposal to sell 100% government holding in four unlisted companies—Kamarajar Port Ltd, HLL Lifecare Ltd, Indian Medicines & Pharmaceut­ical Corp. Ltd, and Karnataka Antibiotic­s and Pharmaceut­icals Ltd. According to people in know of the matter, the core group of secretarie­s on disinvestm­ent, headed by the cabinet secretary, has approved the sale of these five companies.

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