The Board of Container Corporation of India (CONCOR) has given the approval to increase its authorised share capital to Rs 400 crore.

The company has said in a BSE filing that “The Board of Directors of the Company at its meeting held on January 25, 2016, has approved the increase in authorised share capital of CONCOR from existing Rs 200 crore (20 crore equity shares of Rs 10 each) to Rs 400 crore (40 crore equity shares of Rs 10 each).”

The company further said that the Memorandum and Articles of Association would be amended accordingly.

“This would be subject to such government and other approvals as may be required,” it said.

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