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Govt likely to invite EoI for CONCOR divestment in December

DIPAM started a pre-EoI roadshow for potential bidders on October 19 to measure investors' interest in the divestment from CONCOR, the company said in an exchange filing. The roadshow was held virtually until October 21, the filing said

December 01, 2022 / 09:45 PM IST

The Central government plans to invite bids for Container Corporation of India (CONCOR) in December, following which potential bidders will have around 20 days to submit their bids for the state-owned logistics company, two people close to the development said.

A senior government official said the government is looking to prioritize the divestment of CONCOR and is hopes to invite financial bids in 2022-23.

He added that three or four companies had participated in the second round of the pre-expression of interest (EoI) roadshows held by the Department of Investment and Public Asset Management (DIPAM).

JSW Group, Maersk and Essar Ports have shown interest in bidding for CONCOR, a second government official said.