Disinvestment Of Sail

The disinvestment of these units will be to strategic buyers to be identified through a two-stage auction process.

Earlier, the government had given in-principle approval to strategic disinvestment of SAIL's Bhadrawati, Salem and Durgapur alloy steel plants.

SSP, a special steel unit of state-run SAIL, pioneered the supply of wider width stainless steel sheets and coils in the country.

The government has sought expression of interest from reputed merchant bankers for divesting a 10 per cent stake in iron ore miner NMDC that could fetch about Rs 5,500 crore to the exchequer.

To encourage participation of small investors in public sector disinvestments, the government has decided to double the quota reserved for retail investors to 20 per cent for the forthcoming stake sales in bluechip companies like ONGC and Coal India.

Prime Minister Narendra Modi's ambitious programme of disinvestment in big state-run companies got off to a positive start on Friday. The government's sale of a 5 percent stake in state-run Steel Authority of India Ltd (SAIL) to raise up to Rs 1,700 crore was oversubscribed by late afternoon.

Prime Minister Narendra Modi's ambitious programme of disinvestment in big state-run companies got off to a positive start on Friday, with the government managing to sell 5 per cent stake in state-run SAIL, India's second largest steel manufacturer by market value.

Prime Minister Narendra Modi's ambitious programme of disinvestment in big state-run companies got underway today. The government is selling 5 per cent stake in state-run SAIL, India's second largest steel manufacturer by market value, to meet its disinvestment target for the current 2014-15 fiscal year. The proceeds of the share sale will help the...

The government has set the floor price for the sale of a 5 per cent stake in Steel Authority of India Ltd (SAIL) at Rs 83 per share, through which it hopes to raise up to Rs 1,700 crore ($275 million), an official said on Thursday.

The government will sell a 5 per cent stake in state-run Steel Authority of India Ltd (SAIL) on Friday, kicking off a disinvestment program that is crucial for the Narendra Modi government to help cut the budget deficit.

Disinvestment of a 5 per cent stake in state-run Steel Authority of India Ltd (SAIL) is likely to take place between September 24 and 26, a senior government official said on Tuesday.

Domestic roadshows for 5 per cent disinvestment in SAIL, likely to fetch about Rs 1,800 crore, will start by this month-end while the exercise to attract overseas investors will begin in the first week of September.

Gearing up to meet the Rs 43,000 crore disinvestment target, the Finance Ministry has decided to go in for the offer for sale (OFS) route to sell government stake in the state-owned companies starting with SAIL in September.

The Finance Ministry has already asked the Department of Disinvestment (DoD) to complete the groundwork for stake sales in state-owned companies soon after the budget to take advantage of the bull phase in the stock market.

India's disinvest department under the Finance Ministry will hold a meeting with Steel Ministry and SAIL officials on June 23 to discuss the stake sale, a top Steel Ministry official and a top SAIL offical said on Tuesday.

The disinvestment of these units will be to strategic buyers to be identified through a two-stage auction process.

Earlier, the government had given in-principle approval to strategic disinvestment of SAIL's Bhadrawati, Salem and Durgapur alloy steel plants.

SSP, a special steel unit of state-run SAIL, pioneered the supply of wider width stainless steel sheets and coils in the country.

The government has sought expression of interest from reputed merchant bankers for divesting a 10 per cent stake in iron ore miner NMDC that could fetch about Rs 5,500 crore to the exchequer.

To encourage participation of small investors in public sector disinvestments, the government has decided to double the quota reserved for retail investors to 20 per cent for the forthcoming stake sales in bluechip companies like ONGC and Coal India.

Prime Minister Narendra Modi's ambitious programme of disinvestment in big state-run companies got off to a positive start on Friday. The government's sale of a 5 percent stake in state-run Steel Authority of India Ltd (SAIL) to raise up to Rs 1,700 crore was oversubscribed by late afternoon.

Prime Minister Narendra Modi's ambitious programme of disinvestment in big state-run companies got off to a positive start on Friday, with the government managing to sell 5 per cent stake in state-run SAIL, India's second largest steel manufacturer by market value.

Prime Minister Narendra Modi's ambitious programme of disinvestment in big state-run companies got underway today. The government is selling 5 per cent stake in state-run SAIL, India's second largest steel manufacturer by market value, to meet its disinvestment target for the current 2014-15 fiscal year. The proceeds of the share sale will help the...

The government has set the floor price for the sale of a 5 per cent stake in Steel Authority of India Ltd (SAIL) at Rs 83 per share, through which it hopes to raise up to Rs 1,700 crore ($275 million), an official said on Thursday.

The government will sell a 5 per cent stake in state-run Steel Authority of India Ltd (SAIL) on Friday, kicking off a disinvestment program that is crucial for the Narendra Modi government to help cut the budget deficit.

Disinvestment of a 5 per cent stake in state-run Steel Authority of India Ltd (SAIL) is likely to take place between September 24 and 26, a senior government official said on Tuesday.

Domestic roadshows for 5 per cent disinvestment in SAIL, likely to fetch about Rs 1,800 crore, will start by this month-end while the exercise to attract overseas investors will begin in the first week of September.

Gearing up to meet the Rs 43,000 crore disinvestment target, the Finance Ministry has decided to go in for the offer for sale (OFS) route to sell government stake in the state-owned companies starting with SAIL in September.

The Finance Ministry has already asked the Department of Disinvestment (DoD) to complete the groundwork for stake sales in state-owned companies soon after the budget to take advantage of the bull phase in the stock market.

India's disinvest department under the Finance Ministry will hold a meeting with Steel Ministry and SAIL officials on June 23 to discuss the stake sale, a top Steel Ministry official and a top SAIL offical said on Tuesday.