The government has approved the disinvestment of 10.82 per cent of its stake in Steel Authority of India (SAIL).The Cabinet Committee on Economic Affairs (CCEA), headed by Prime Minister Manmohan Singh, that met last evening, cleared the SAIL public offer. Our Correspondent reports, the share sale process, proposed to be conducted through auction route or offer for sale, is expected to fetch over 4,000 crore rupees to the government.The government currently holds 85.82 per cent stake in SAIL. After the disinvestment, the government of India's shareholding in SAIL would come down to 75 per cent. The paid up equity capital of the company as on 31st March this year, stood at 4130.53 crore rupees.