Office Address
123/A, Miranda City Likaoli Prikano, Dope
Phone Number
+0989 7876 9865 9
+(090) 8765 86543 85
Email Address
info@example.com
example.mail@hum.com
123/A, Miranda City Likaoli Prikano, Dope
+0989 7876 9865 9
+(090) 8765 86543 85
info@example.com
example.mail@hum.com
This demerged non-core entity of
the state-run Shipping Corporation of India will commence trading under the
"Trade-to-Trade" (T2T) segment, marking
a significant development in the company's restructuring journey.
Under the T2T segment, investors
can only purchase stocks on a delivery basis, necessitating the full payment
for the shares. Techniques like intraday trading and Buy Today, Sell Tomorrow
(BTST) are not permitted, ensuring a measured approach to trading SCILAL
shares.
The genesis of SCILAL dates back to November 2021 when it was incorporated
to segregate the non-core assets of the Shipping Corporation of India. This initiative was a pivotal step in the government's strategic
disinvestment process, wherein it aimed to divest its 63.75% stake in the
parent company.
Following the approval of the
Ministry of Corporate Affairs in February 2023, the scheme of arrangement for
the demerger came into effect on March 14, paving the way for SCILAL's independent
journey in the stock market. The
demerger, finalized in a 1:1 ratio, implies that shareholders of Shipping
Corporation will receive one share of SCILAL for every share they hold.
As per Shipping Corporation's 2023
annual report, the value of non-core assets earmarked for demerger, as of March
2022, amounted to Rs 2,392 crore, highlighting the substantial value
proposition of the newly listed entity.
Ahead of its
market debut, the Shipping Corporation of India Land & Assets is poised to
add a new dimension to the investment landscape. This anticipation is reflected
in the market sentiment, with shares of its parent company, Shipping
Corporation of India, witnessing a surge.
The debut of
Shipping Corporation of India Land & Assets on the stock market signifies a
significant milestone in the company's evolution. It not only underscores the strategic realignment of its business
segments but also presents investors with a fresh avenue for diversification
and potential growth.
