Container Corporation Of India Ltd.

Container Corporation of India has decided to increase the shareholding limit of Foreign Institutional Investors (FIIs) in the company from present 30% to 34%. The company has already received its board approval at its meeting held on October 29, 2014. Besides, the company will obtain shareholders approval for this purpose through postal ballot route, a cut-off date of January 09, 2015 has been fixed for determining voting rights of members, who will be entitled to participate in the process.

Container Corporation of India was established in 1988 and works mainly in three verticals -- cargo terminal, terminal operator and warehouse operator.