The Shipping Corporation of India (SCI) is all set to take a 5 per cent stake in a marine joint venture to be floated by the Oil and Natural Gas Corporation (ONGC).
"Our board has approved the proposal to pick up a 5 per cent stake. We will pick up equity when the company is formed. ONGC wants to hold 26 per cent stake in the venture," SCI Chairman and Managing Director, Mr P. K. Srivastava, said
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