07
Dec
00:00
SAIL shares sale kicks off Indian government divestment programme
According to stock exchange sources, the sell-off of 5% of Indian government-owned steelmaker Steel Authority of India Limited went well on 5 December, and the offer for sale was subscribed more than two times.
The sale raised INR 1700 crore ($275m) and is the first leg of the government’s ambitious divestment programme by which it hopes to earn INR 58,425 crore, Kallanish notes. The programme includes Coal India and Oil and Natural Gas Corporation (ON…
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Anonymous
Very good overview of the weekly steel market.
Anonymous