The Cabinet Committee on Economic Affairs, CCEA, has approved disinvestment of part of Government equity in Shipping Corporation of India Limited (SCI). It has approved sale of 10 per cent of the existing equity out of the government shareholding amounting to over four crore shares in the domestic market as per SEBI regulations. The disinvestment of SCI is expected to generate 1,300 crore rupees approximately. This disinvestment will develop a road map for higher people ownership of this company while ensuring that government equity does not fall below 51 per cent.