SAIL FPO : Government to raise Rs 16000 crores

by khalid on 10/04/2010 · 0 comments

SAIL is a public sector company and is the largest integrated iron and steel producer in India. Indian Government informed the market(BSE) that it has cleared the proposed 20 Percent disinvestment in Steel Authority of India Ltd. (SAIL) and it will bring Rs 16000 crores to the Government corpus. There will be two-tranche disinvestment, the government and the company would get Rs 8000 crores each. After this disinvestment, the government’s equity in SAIL will fall to 69% from 89% currently.

Share’s Data :-
BSE Code : 500113
Mkt. Cap: Rs 96857 Crores
P/E: 15.69
EPS: 14.95 in Mar 2009
Face Value : Rs 10
Last Dividend : 16% in Jan 2010
52 Week H/L : Rs 258.55 / 103.60
Steel Authority of India (SAIL) Ltd. share’s CMP is Rs 234.50 on 9th Apr 2010.

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