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.
Entities from others groups in the fray include SBI Capital, IDBI, IDFC, Edelweiss and Yes Bank, the disinvestment department said.
The department is likely to shortlist three merchant bankers on December 16 for the stake sale in Container Corporation of India.
Government holds 61.80 per cent stake in the logistics company which is under the administrative control of the Railways Ministry.
At current stock price of Rs 1,351.45 of Concor, the sale of 5 per cent stake would garner over Rs 1,300 crore to the exchequer.
The company provides logistics support such as Inland Container Depots, Domestic Container Terminals, transportation by rail and road, warehousing, storage and other value added solutions.
The government has budgeted to raise Rs 69,500 crore through PSU disinvestments in 2015-16. Of this, Rs 41,000 crore is to be raised through minority stake sale in PSUs and another Rs 28,500 crore through strategic sale.
With eight months of the current fiscal over, the government has been able to raise just Rs 12,600 crore through stale sale in four PSUs as volatile market conditions have dented its disinvestment plans.
