... To throw away 5% stake in Concor today

Government will on Wednesday sell 5 per cent stake in Container Corporations of India (Concor) at a minimum price of Rs 1,195 a piece, to garner Rs 1,165 crore. The floor price set for the offer for sale (OFS) is at a discount of 2.58 per cent over Tuesday’s closing price of Rs 1,226.65 of Concor on the BSE. “The government will sell 5 per cent stake in Concor through an offer for sale at a floor price of Rs 1,195 on Wednesday,” a source said.