Irano Hind Shipping Co (IHSC), which has six ships, is being wound up, but SCI has valued its assets at $132m and wants payment for its 49% stake. IRISL's figure is $95m, however.
"The matter is being negotiated between the two companies. If we are unable to reach a resolution, we will approach the external affairs ministry since they would be better placed to get us a good bargain," a senior SCI official told the Economic Times.
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