Shipping Corporation of India (SCI) is demerging its Non-Core Assets into a separate entity, Shipping Corporation of India Land and Assets Limited.

This strategic separation aims to unlock shareholder value by creating more focused operations.

A significant update confirms the demerger scheme has received a certificate exempting it from stamp duty.

This exemption streamlines the process, removing a potential financial hurdle and moving the demerger forward.

This step is crucial for the efficient segregation of assets.