Web Analytics Business News This Week March 22: SAIL Disinvestment | Business News This Week

Mar 20, 2013

March 22: SAIL Disinvestment

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Finance Ministry official said that, 10.82% stakes sale in SAIL, was cleared by an inter-ministerial panel and decided that the issue will come into the markets on Friday.

Headed by finance minister Chidambaram, the empowered Group of Ministers on disinvestment, had a meeting and decided on the pricing of the share sale. Only after the close of market hours tomorrow the base price would be made public.

Keeping in view the current market price, a 10.82% stake sale could fetch government around Rs 2,500 crore.


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