Shares of Container Corporation fell on Wednesday.
At about 10.30 am, Concor shares were quoting at Rs 1,187.55, down Rs 39.10 or 3.19 per cent.
The Government plans to sell a 5 per cent stake in the logistics company to raise Rs 1,166 crore. The floor price has been fixed at Rs 1,195.
The non-retail sale will take place on Wednesday through an offer for sale mechanism. The retail sale will take place on Thursday.
The government last month raised about $730 million from a share sale in power producer NTPC.