Sail Stake Sale
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Tata Steel Acquires SAIL's Stake, Takes Over S&T Mining
Tata Steel on Tuesday said that it has completed the acquisition of entire stake held by state-owned SAIL in S&T Mining
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Government To Sell 10% Stake In SAIL, Stock Falls 8%
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
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Steel Authority Not To Shut Down 3 Loss-Making Steel Units: Chairman
"Process of divestment is on. We will not close down these special units," Mr Chaudhary told PTI, when asked whether the company will consider shutting down these plants if the steel maker does not find suitable buyers for them. Three units are functioning as per demand, but operating below their optimal capacities, SAIL officials said, adding that...
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Government Plans Rs 34,500-Crore Stake Sales In Indian Oil, Six Other PSUs
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.
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Government Starts Process to Divest 10% in NMDC
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.
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Retail Investors Likely to Get Greater Pie in Next PSU Disinvestments
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.
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For This Major Reform, a Strong Start: 10 Facts
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.
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PM Modi's Divestment Scheme Off to Positive Start; SAIL Shares Oversubscribed
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.
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SAIL Share Sale Oversubscribed: 10 Things to Know
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.
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PM Modi's Ambitious Divestment Scheme Launches: 10 Facts
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...
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PM's Ambitious Disinvestment Programme Kicks Off Today
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.
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Government to Sell 5 Per Cent Stake in SAIL on Friday
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.
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SAIL Share Sale to Hit Markets Between September 24, 26: Report
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.
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SAIL Offer for Sale This Month: Report
The government is proposing to offload a 5 per cent stake in SAIL this month and provide more incentives to retail investors to increase their participation.
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Government to Sell Stakes in SAIL, RINL, HAL
The government is looking to sell 5 per cent stake in SAIL and 10 per cent each in RINL and HAL in the current fiscal, besides an outright sale of Tyre Corporation of India.
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Tata Steel Acquires SAIL's Stake, Takes Over S&T Mining
Tata Steel on Tuesday said that it has completed the acquisition of entire stake held by state-owned SAIL in S&T Mining
-
Government To Sell 10% Stake In SAIL, Stock Falls 8%
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
-
Steel Authority Not To Shut Down 3 Loss-Making Steel Units: Chairman
"Process of divestment is on. We will not close down these special units," Mr Chaudhary told PTI, when asked whether the company will consider shutting down these plants if the steel maker does not find suitable buyers for them. Three units are functioning as per demand, but operating below their optimal capacities, SAIL officials said, adding that...
-
Government Plans Rs 34,500-Crore Stake Sales In Indian Oil, Six Other PSUs
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.
-
Government Starts Process to Divest 10% in NMDC
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.
-
Retail Investors Likely to Get Greater Pie in Next PSU Disinvestments
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.
-
For This Major Reform, a Strong Start: 10 Facts
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.
-
PM Modi's Divestment Scheme Off to Positive Start; SAIL Shares Oversubscribed
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.
-
SAIL Share Sale Oversubscribed: 10 Things to Know
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.
-
PM Modi's Ambitious Divestment Scheme Launches: 10 Facts
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...
-
PM's Ambitious Disinvestment Programme Kicks Off Today
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.
-
Government to Sell 5 Per Cent Stake in SAIL on Friday
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.
-
SAIL Share Sale to Hit Markets Between September 24, 26: Report
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.
-
SAIL Offer for Sale This Month: Report
The government is proposing to offload a 5 per cent stake in SAIL this month and provide more incentives to retail investors to increase their participation.
-
Government to Sell Stakes in SAIL, RINL, HAL
The government is looking to sell 5 per cent stake in SAIL and 10 per cent each in RINL and HAL in the current fiscal, besides an outright sale of Tyre Corporation of India.
