Govt plans to sell 5% stake in SAIL via offer for sale, may rake in `1,000 crore

11-Feb-2020
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Govt plans to sell 5% stake in SAIL via offer for sale, may rake in `1,000 crore

The government is planning to sell 5% stake in Steel Authority of IndiaLtd (SAIL) through an offer for sale, which could fetch about `1,000 crore to the exchequer.
The Department of Investment and Public Asset Management (DIPAM) and steel ministry are planning roadshows in Singapore and Hong Kong for SAIL stake sale.

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