Centre plans to offload 30.80% of its 54.80% stake in Concor, while continuing to retain 24% post sell-off but without any veto powers.
The government plans to call for bids to sell its stakes in the Container Corporation of India and the Shipping Corporation of India.
The expressions of interest (EoI) for the strategic sale of the railway PSU, with management control, will be announced later this month.
While the government plans to offload 30.80 per cent of its 54.80 per cent stake in Concor, it would continue to retain 24 per cent post sell-off but without any veto powers.
For Shipping Corporation, the bids for privatisation may be called in the coming week and buyers will be given time till mid February to submit EoIs, an official said.
The government plans to sell the entire 63.75 per cent stake in Shipping Corporation along with transfer of management control.
The EoI for Concor will be issued soon after cabinet clearance to the railways’ revised land licensing policy. However, the sale process could spill over to next financial year because of paucity of time.
Source: Telegraph India
