04
Dec
00:00
Indian government set to sell 5% stake in Sail
The Indian government plans to sell a 5% stake in Steel Authority of India (Sail) on the Bombay and National Stock Exchanges on Friday, Kallanish learns from the steelmaker. The state currently has an 80% stake in Sail.
The sale, which would bring in an estimated $286 million, is part of a divestment programme aimed at cutting India’s budget deficit, according to reports. The government is also looking to offload stakes in Oil and Natural Gas Corp and …
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Anonymous
Very good overview of the weekly steel market.
Anonymous