Profit

SAIL defers follow-on offer again

PUBLISHED ON: June 1, 2011 | Duration: 2 min, 29 sec

  
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State-owned Steel Authority of India Ltd has deferred its follow on share sale offer that was scheduled on June 14. This is the fourth time that the Rs 8000 crore FPO will be deferred and the company blames it on volatile market conditions. But despite all the failure, SAIL management defends its decision.
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