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Share Sale in SAIL

The Union Steel Ministry on 10 Feb 2010 declared it would send to the Union Cabinet the proposal for the 20-per cent share sale in Steel Authority of India Ltd. (SAIL) within 10 days. The share-sale proposal which would see the company raise 10 per cent fresh equity, is expected to fetch the government and the firm around Rs. 9000 crore each, based on the current share price.

Oct 23, 2010 19:08 IST

The Union Steel Ministry on 10 Feb 2010 declared it would send to the Union Cabinet the proposal for the 20-per cent share sale in Steel Authority of India Ltd. (SAIL) within 10 days. The share-sale proposal which would see the company raise 10 per cent fresh equity, is expected to fetch the government and the firm around Rs. 9000 crore each, based on the current share price.