Concor
').insertAfter(".article-content__img");$(".article-content__img div").find('div').remove();
Core Group Of Secretaries To Hold Meeting Today To Clear Concor EoI
In a step towards finalising the Expression of Interest or preliminary bids for the disinvestment of Container Corporation of India (Concor), a core group of secretaries (CGD) is set to meet today.
The meeting to be chaired by the cabinet secretary will have representatives from the Ministry of Finance and Railways among others. The government stake sale in Concor has already seen interests from global majors like Maersk, the world’s largest container shipping line and vessel operator. The Danish shipping major had participated in the second round of the pre-expression of interest (EoI) roadshows held by the Department of Investment and Public Asset Management (Dipam).
Other companies that have shown interest in the two rounds of roadshows include I Squared Capital, Sojitz Corporation, Adani group, D P World, PSA Singapore, JSW Group and Essar Ports.
Out of a disinvestment target of Rs 65,000 crore set for the current fiscal year, the Centre has so far mopped up around Rs 31,106 crore in divestment receipts. Though Concor was considered to be a vital part of the target, it got postponed for the next year due to several roadblocks like the land issue of Concor.
Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
First Published: Mon, January 30 2023. 09:48 IST
RECENT NEWS
BoE Loosens Capital Rules
The Bank of England has taken a significant step towards easing post-crisis regulation by lowering its estimate of the c... Read more
Monzo Looks For US Banking License
Monzo is preparing a renewed push to secure a US banking licence, four years after abandoning its first attempt when tal... Read more
Crypto Firms Push Into US Banking
America’s cryptocurrency companies are scrambling to secure a foothold in the country’s traditional banking system, ... Read more
Parallel Banking: Stablecoins Are Now Global
Parallel Banking: How Stablecoins Are Building a New Global Payments SystemStablecoins—digital currencies pegged to tr... Read more
JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity
JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more
Private Equity And Banks: The Complex Web Of Leverage
Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more