Proposal to Sell 10.82 Percent Stake in Sail

Press Information Bureau

Government of India

Ministry of Finance

23-August-2012 17:00 IST

The government is considering a proposal to sell 10.82 per cent stake in Steel Authority of India Ltd. (SAIL). Out of its shareholding of 85.82%, the Government of India has decided to sell part of paid up equity in SAIL through ‘Offer for Sale of Shares through Stock Exchange Mechanism’ as per SEBI Rules and Regulations.

This was stated by the Minister of State for Finance, Shri S.S. Palanimanickam in written reply to a question in the Rajya Sabha today.

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