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Five Indian companies, local entity shortlisted for divestment of Canwill Holdings

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Five Indian companies and a local entity were shortlisted from many after the government called for Expressions of Interest for the divest of Canwill Holdings (Pvt) Ltd formerly known as Hyett project opposite TempleTrees.

The E0Is received were evaluated in accordance with the terms and conditions set out in the Request for Expressions of Interest in compliance with the Special Guidelines on Divestiture of State-Owned Enterprisesapproved by the Cabinet of Ministers in July 2023.Accordingly, the Cabinet Appointed Special Project Committee (SPC) and the Special Cabinet Appointed Negotiating Committee (SpCANC) have pre-qualified the following bidders for the Request for Proposal stage:I. RKG Fund I- Scheme of RKG Trust (India) 2. Gland Celsus Bio Chemicals Private Limited (India) 3. DB Realty Limited (India) 4. Jindal Films India Limited (India) 5. Bright Star Investments Private Limited (India) 6. Consulting Engineers and Contractors (Pvt) (LW) and K.D.A. Weerasinghe & Co. (Pvt) Ltd (both Sri Lanka). Deloitte India is the Transaction Advisor for the divestiture of shares held by GoSL in Canwill Holdings (Pvt) Ltd.

The Government acts through the Ministry of Finance, Economic Stabilization and National Policies. called for Expressions of Interest (E0I) from potential investors for the divestiture of its shares inThe deadline for the submission of EOIs ended at 2 pm on December 12, 2023.

The post Five Indian companies, local entity shortlisted for divestment of Canwill Holdings appeared first on DailyNews.

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