Sail Share Sale

Richest Asian Gautam Adani's group on Sunday expressed confidence that the Rs 20,000 crore follow-on share sale of its flagship firm will sail through despite a massive hammering of the conglomerate's stocks.

The government has decided to sell up to 20.65 crore shares or 5 per cent of total equity of Steel Authority of India through an offer for sale (OFS), the company said in a regulatory filing

Between April To August SAIL increased its market share to 14.6 per cent from 13.4 per cent.

The Department of Investment and Public Asset Management has sought bids from merchant bankers and legal advisors to manage the sale of shares in firms including Indian Oil and SAIL.

State-owned hydropower producer NHPC Ltd's Rs 2,700 crore share sale on Thursday managed to scrape through as oversubscription by institutional bidders made good for over 40 per cent of retail portion which remained unbid for.

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.

The government is selling 5 per cent stake in the state-run Steel Authority of India (SAIL) through offer for sale (OFS) route. It will likely raise Rs 1,700 crore at Rs 83 per share from the open market.

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 give a discount of 5 per cent to retail investors in the offering, a senior finance ministry official said, adding the government expected to raise Rs 1,500-Rs 1,700 crore from the sale. The official declined to be named as the information is not yet public.

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.

Jaiprakash Associates on Monday announced that it will sell 74 per cent stake in Bokaro Jaypee Cement, its joint venture with state-run SAIL, to Dalmia Cement (Bharat) for Rs 690 crore. The stake sale will take place at Rs 69.74 per share against acquisition cost of Rs. 18.57 per share, the company added.

India aided its bid to avoid a credit downgrade by raising about Rs 14,800 crore from the selling of shares in state-run Steel Authority of India Ltd, but needed help from state investors to do so.

An auction of a 5.8 per cent stake in state-run Steel Authority of India Ltd was nearly fully covered on Friday, provisional data from the National Stock Exchange showed.

Richest Asian Gautam Adani's group on Sunday expressed confidence that the Rs 20,000 crore follow-on share sale of its flagship firm will sail through despite a massive hammering of the conglomerate's stocks.

The government has decided to sell up to 20.65 crore shares or 5 per cent of total equity of Steel Authority of India through an offer for sale (OFS), the company said in a regulatory filing

Between April To August SAIL increased its market share to 14.6 per cent from 13.4 per cent.

The Department of Investment and Public Asset Management has sought bids from merchant bankers and legal advisors to manage the sale of shares in firms including Indian Oil and SAIL.

State-owned hydropower producer NHPC Ltd's Rs 2,700 crore share sale on Thursday managed to scrape through as oversubscription by institutional bidders made good for over 40 per cent of retail portion which remained unbid for.

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.

The government is selling 5 per cent stake in the state-run Steel Authority of India (SAIL) through offer for sale (OFS) route. It will likely raise Rs 1,700 crore at Rs 83 per share from the open market.

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 give a discount of 5 per cent to retail investors in the offering, a senior finance ministry official said, adding the government expected to raise Rs 1,500-Rs 1,700 crore from the sale. The official declined to be named as the information is not yet public.

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.

Jaiprakash Associates on Monday announced that it will sell 74 per cent stake in Bokaro Jaypee Cement, its joint venture with state-run SAIL, to Dalmia Cement (Bharat) for Rs 690 crore. The stake sale will take place at Rs 69.74 per share against acquisition cost of Rs. 18.57 per share, the company added.

India aided its bid to avoid a credit downgrade by raising about Rs 14,800 crore from the selling of shares in state-run Steel Authority of India Ltd, but needed help from state investors to do so.

An auction of a 5.8 per cent stake in state-run Steel Authority of India Ltd was nearly fully covered on Friday, provisional data from the National Stock Exchange showed.