14
Apr
11:30
India seeks banker to divest 10% Sail stake
India’s government is seeking a merchant banker to assist with the planned divestment of a 10% shareholding in Steel Authority of India (Sail), Kallanish leans from the Department of Investment and Public Asset Management. The shares are set to be offered on stock exchanges.
The state currently owns a 75% stake in Sail. It is also considering allotting shares to eligible Sail employees at a discount to the issue price.
Sail recently closed the applicati…
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Anonymous
Very good overview of the weekly steel market.
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