Container Corporation of India Ltd exploring merger of subsidiaries

Container Corporation of India Ltd. (CONCOR) is exploring the possibility of merger of its subsidiary Company(ies) i.e. M/ s CONCOR AIR LTD.(CAL), M/s SIDCUL CONCOR Infra Company Ltd. (SCICL) & M/s Punjab Logistics Infrastructure Ltd. (PUL) with CONCOR. An e-tender is being floated for Engagement of External Management Consultant for facilitating proposed Merger with CONCOR of its Subsidiary Company (ies).

Shares of CONTAINER CORPORATION OF INDIA LTD. was last trading in BSE at Rs.415.3 as compared to the previous close of Rs. 413. The total number of shares traded during the day was 100339 in over 3439 trades.

The stock hit an intraday high of Rs. 417 and intraday low of 408.8. The net turnover during the day was Rs. 41518422.

Source : Equity Bulls

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