Punjab Govt invites initial bids for Conware sale
The Punjab government on Monday invited initial bids for disinvesting its 100 per cent equity in Punjab State Container & Warehousing Corporation to a strategic investor.
By TNN |
NEW DELHI: The Punjab government on Monday invited initial bids for disinvesting its 100 per cent equity in Punjab State Container and Warehousing Corporation Ltd to a strategic investor.
Bidders interested in acquiring 100 per cent stake in Conware would be required to submit Expressions of Interest (EoI) along with Request for Qualification before March 22, 2004. RR Financial Consultants has been retained as the global advisor for the proposed disinvestment of Conware.
Conware was incorporated in 1995 under the Companies Act, 1956 to set up a Container Freight Station (CFS) for terminal services like container handling services and the allied activities relating to warehousing of international cargo.
The Corporation has built one of the largest CFS in India in Navi Mumbai.
"The Government of Punjab intends to sell its entire 100 per cent equity shareholding in Punjab State Container and Warehousing Corporation Ltd (Conware) to a strategic investor," an advertisement issued by the Punjab Government said on Monday
Bidders interested in acquiring 100 per cent stake in Conware would be required to submit Expressions of Interest (EoI) along with Request for Qualification before March 22, 2004. RR Financial Consultants has been retained as the global advisor for the proposed disinvestment of Conware.
Conware was incorporated in 1995 under the Companies Act, 1956 to set up a Container Freight Station (CFS) for terminal services like container handling services and the allied activities relating to warehousing of international cargo.
The Corporation has built one of the largest CFS in India in Navi Mumbai.
"The Government of Punjab intends to sell its entire 100 per cent equity shareholding in Punjab State Container and Warehousing Corporation Ltd (Conware) to a strategic investor," an advertisement issued by the Punjab Government said on Monday
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