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Govt plans to sell 5% stake in Container Corp

Govt plans to sell 5% stake in Container Corp

The government, which owns 61.8 per cent of Container Corp, will sell the stake through a stock market auction, the notice said.

Reuters
  • Updated Nov 10, 2015 3:49 PM IST
Govt plans to sell 5% stake in Container Corp

The government plans to sell a 5 per cent stake in state-run Container Corp, a notice seeking interest from investment banks to manage the sale worth about $200 million at current market price showed.

The government, which owns 61.8 per cent of Container Corp, will sell the stake through a stock market auction, the notice said.

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Investment banks need to submit their interest by December 2, the notice, posted on the website of the divestment department of the government, showed on Tuesday.

(Reuters)

Published on: Nov 10, 2015 3:49 PM IST
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