The Government has decided to disinvest ten per cent of its shareholding in Steel Authority of India Limited (SAIL) and to go for 10 per cent Further Public Offer (FPO) of its equity in two tranches. Giving this information in a written reply in the Rajya Sabha today, the Minister for Steel, Mr. Virbhadra Singh said the present stake of the Centre in SAIL is 85.82 per cent of the total paid up share capital of the company of over 4,130 crore rupees.
News On AIR | April 30, 2010 2:16 PM
Govt. to disinvest in SAIL