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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.

Devidutta Tripathy | November 10, 2015 | Updated 15:49 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.

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)

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