Concor disinvestment: Dipam may seek finmin, inter-ministerial group help

Govt seeks to sell stake worth Rs 12,000 cr in national transporter this fiscal as part of disinvestment target

The Department of Investment and Public Asset Management (DIPAM) might seek the intervention of an inter-ministerial group and top finance ministry officials for cooperation in the disinvestment of the Container Corporation of India (Concor).

The likely move is being deliberated after the Railway ministry’s apprehension about divesting 30.8 per cent stake of its stake in Concor, the national transporter, put the proposed stake sale on the back burner.

The government intended to sell its Concor stake—worth about Rs 12,000 crore according to current market prices—this financial year as part of its disinvestment road map.

However, Railways is not in favour