<br/>The government today approved a 20 per cent disinvestment in Steel Authority of India Ltd that would fetch a total of 16,000 crore rupees. Following the two-tranche disinvestment, the government and the company would get 8,000 crore rupees each. Home Minister P Chidambaram told this to reporters after a meeting of the Cabinet Committee on Economic Affairs. <br/><br/>Post disinvestment, the government's equity will fall to 69 per cent from 85.82 per cent currently. Mr Chidambaram said, the stake sale will take place in two tranches of 10 per cent each, adding that each time 5 per cent will be through further public offer (FPO) and another 5 per cent through sale of government equity. SAIL shares were trading at 248.25 rupees down by 2.67 per cent on the BSE.