Divestment in SAIL along with IPO

by khalid on 29/08/2009 · 0 comments

sail

The government currently owns 85.82 per cent stake in SAIL and is planning to divest some portion to bring down its stake to nearly 75%. In the proposed meeting tomorrow decision will be finalized about divestment of this largest steel producing PSU.

Along with this an, an IPO of SAIL is also proposed for funding a part of Rs. 70000 expansion project.

Besides government stake, about 4.59 per cent is with the Life Insurance Corp and the rest is with the public.

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