Corporate News     19-Aug-15
Dredging Corporation of India announces divestment of 5% Government stake
Offer for sale scheduled on 21 August 2015
The President of India, acting through and represented by the Ministry of Shipping, Government of India is the promoter of Dredging Corporation of India ("the Seller") has announced Offer for Sale up to 1,400,000 equity shares of the face value of Rs. 10/- each ("Offer Shares"), representing 5% of the total paid up equity share capital of Dredging Corporation of India (the "Company"), by Promoter through a sale on the separate window provided by the Stock Exchanges for this purpose.

The Offer shall take place during trading hours on a separate window of the Stock Exchanges and shall commence on 21 August 2015 at 9:15 a.m. and shall close on the same date at 3:30 p.m. Indian Standard Time (‘Offer Date”).

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