Concor

Finance Minister Nirmala Sitharaman said Government's disinvestment programme is not for shutting down any company but to make it more efficient

The job notice in the name of CONCOR which is being circulated on social media is fake, the Container Corporation of India Limited (CONCOR), a Navratna Public Sector Undertaking under the Ministry of Indian Railways, has said.

The government has decided to sell 30 per cent stake in the company to a strategic partner, along with transfer of management control. The government currently holds 54.8 per cent stake in Concor. The stake sale in this PSU will fetch the Centre Rs 5,500 crore.

The Union Budget is likely to keep the disinvestment estimates at almost the same level as in the current fiscal, people in the know of the matter said.

Saudi Aramco, which kicked off the final phase of its $25 billion IPO on Sunday, has been noncommittal on purchasing a stake in Bharat Petroleum Corporation Limited (BPCL) as it is reportedly focusing on purchasing a 20 per cent stake in Reliance Industries' oil to chemical division.

The Cabinet approved sale of the entire government holding of 63.75 per cent in Shipping Corporation of India (SCI) and 30.9 per cent stake in Container Corp of India (Concor).

Exit from BPCL and SCI and sale of 30% equity in Concor will help government mop up Rs 70,000-75,000 crore.

The Sensex added nearly 250 points in early trade while the broader Nifty index was just one point shy of 9,500.

Indian Railway's move to withdraw port congestion surcharge levied on cargo moving to inland, will boost international trade and the manufacturing sector.

The government on Thursday raised Rs 1,165 crore from the sale of 5 per cent stake in Container Corporation of India Ltd (Concor) after retail investors lapped up all the shares reserved for them.

Concor shares slipped below the floor price of Rs 1,195 in a weak market and were trading 1.12 per cent down at Rs 1,182.20 a piece on the BSE.

Concor is the seventh PSU stake sale of the current fiscal and will help the government inch towards the revised disinvestment target of Rs 25,000 crore.

As many as eight merchant bankers from groups including Citibank, Kotak Mahindra and ICICI have bid to manage the government's 5 per cent stake sale in Concor, which could fetch over Rs 1,300 crore to the exchequer.

State-run Container Corporation of India (CONCOR) on Tuesday reported 21.38 per cent jump in its standalone net profit to Rs 232.91 crore for the second quarter ended September 30 on the back of higher income.

SBI Capital Markets, ICICI Securities and Yes Bank were the only three that expressed interest in managing sale of the group of five companies in the 'Basket One', which also included Oil India (OIL), MMTC, Container Corporation of India (Concor) and India Tourism Development Corp (ITDC).

Finance Minister Nirmala Sitharaman said Government's disinvestment programme is not for shutting down any company but to make it more efficient

The job notice in the name of CONCOR which is being circulated on social media is fake, the Container Corporation of India Limited (CONCOR), a Navratna Public Sector Undertaking under the Ministry of Indian Railways, has said.

The government has decided to sell 30 per cent stake in the company to a strategic partner, along with transfer of management control. The government currently holds 54.8 per cent stake in Concor. The stake sale in this PSU will fetch the Centre Rs 5,500 crore.

The Union Budget is likely to keep the disinvestment estimates at almost the same level as in the current fiscal, people in the know of the matter said.

Saudi Aramco, which kicked off the final phase of its $25 billion IPO on Sunday, has been noncommittal on purchasing a stake in Bharat Petroleum Corporation Limited (BPCL) as it is reportedly focusing on purchasing a 20 per cent stake in Reliance Industries' oil to chemical division.

The Cabinet approved sale of the entire government holding of 63.75 per cent in Shipping Corporation of India (SCI) and 30.9 per cent stake in Container Corp of India (Concor).

Exit from BPCL and SCI and sale of 30% equity in Concor will help government mop up Rs 70,000-75,000 crore.

The Sensex added nearly 250 points in early trade while the broader Nifty index was just one point shy of 9,500.

Indian Railway's move to withdraw port congestion surcharge levied on cargo moving to inland, will boost international trade and the manufacturing sector.

The government on Thursday raised Rs 1,165 crore from the sale of 5 per cent stake in Container Corporation of India Ltd (Concor) after retail investors lapped up all the shares reserved for them.

Concor shares slipped below the floor price of Rs 1,195 in a weak market and were trading 1.12 per cent down at Rs 1,182.20 a piece on the BSE.

Concor is the seventh PSU stake sale of the current fiscal and will help the government inch towards the revised disinvestment target of Rs 25,000 crore.

As many as eight merchant bankers from groups including Citibank, Kotak Mahindra and ICICI have bid to manage the government's 5 per cent stake sale in Concor, which could fetch over Rs 1,300 crore to the exchequer.

State-run Container Corporation of India (CONCOR) on Tuesday reported 21.38 per cent jump in its standalone net profit to Rs 232.91 crore for the second quarter ended September 30 on the back of higher income.

SBI Capital Markets, ICICI Securities and Yes Bank were the only three that expressed interest in managing sale of the group of five companies in the 'Basket One', which also included Oil India (OIL), MMTC, Container Corporation of India (Concor) and India Tourism Development Corp (ITDC).