Concor disinvestment plan off track after railway raises concerns. Details here2 min read 10 Jun 2023, 08:31 AM IST
The ₹12,000 crore worth of disinvestment proposal of Navratna company, Concor, is put on hold after railway ministry raised concern on some issues. Officials are doubtful that it would be difficult to complete the strategic sale in the current financial year
After the a ₹12,000 crore of disinvestment plan of Container Corporation of India (CONCOR) garnered attention of global majors like Maersk, the process stands at status quo because of the concerns raised by the railway ministry, its parent organisation. The Railways has raised some issues in the disinvestment, and is not keen to sell the asset, reported moneycontrol.