Concor stake sale: Inter-ministerial group expected to clear EOI today

Based on Concor's current market cap of Rs 46,674.9 crore, a 30.8 per cent stake in the company is valued around Rs 14,376 crore

In another step towards the divestment of government stake in Container Corporation of India (Concor), an inter-ministerial group will meet on Thursday to clear the expression of interest (EoI) for the stake sale. The EoI is expected to be invited within 10 days' time, sources said.

The inter-ministerial group (IMG) will include representatives from the Department of Investment and Public Asset Management (Dipam), the Ministry of Railways and Concor. After being cleared by the IMG, the EOI is expected to get the final nod from a group of secretaries within 10 days.

This comes after a roadshow conducted by Dipam