Govt mulls stake sale, IPO for SAIL

 The equity sale could go along with the proposed public issue of the PSU and it is likely to be discussed at its upcoming board meeting, a top steel ministry official said, requesting anonymity.

SAIL is awaiting the steel ministry’s approval for its proposed public issue to raise funds to part finance its Rs 70,000-crore expansion project. A senior SAIL official, too, said the equity-sale could possibly accompany the proposed public issue. SAIL’s board has already approved the public offer.

Liked the story?

  • 0

    Happy
  • 0

    Amused
  • 0

    Sad
  • 0

    Frustrated
  • 0

    Angry