The state-owned company, Steel Authority of India, SAIL has decided against issuing fresh equity.Disinvestment Secretary Mohammed Haleem Khan told reporters in New Delhi, that the SAIL board has decided that there will be no fresh equity issue.He said, however, the government will go ahead with its proposal to offload 5 per cent stake in the firm. Khan said the change in SAIL's Follow-on Public Offer plan would require fresh approval from the Cabinet.The Government holds a 85.82 per cent stake in the maharatna company. The 5 per cent stake sale in SAIL is likely to fetch the government over 2,000 crore rupees at current market prices.