25
Jul
01:00
New Indian government will divest shares in steelmakers, reports say
Reports by Reuters in India monitored by Kallanish suggest that India’s new government is to divest shares in state-run steelmakers SAIL and Rashtriya Ispat Nigam Ltd.
Finance minister Arun Jaitley is reported to have announced the divestment in the Lok Sabha, the lower house of the Indian Parliament, on Friday 25 July. The government plans a public listing of Rashtriya Ispat Nigam Ltd. and will sell a 10% share of the company during the fiscal year en…
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Anonymous
Very good overview of the weekly steel market.
Anonymous