Container Corporation Of India Ltd.

Container Corporation of India (CONCOR) has received an approval to increase the shareholding limit of Foreign Institutional Investors (FIIs) in the company from present 30% to 34%. The board of directors at their meeting held on October 29, 2014 has approved for the same. The above is however subject to shareholders and other approvals as may be required in this regard.

CONCOR was established in 1988 and works mainly in three verticals -- cargo terminal, terminal operator and warehouse operator.