<p>The government managed to garner over Rs 1,500 crore from the truncated divestment in the nation’s largest steel producer SAIL that barely managed to scrape through.<br /><br /></p>.<p>The Offer For Sale (OFS) received bids for 24.13 crore shares against 24.03 crore shares on offer, as per the data available of the BSE.<br /><br />The indicative price, which is the weighted average price of all valid bids, was Rs 63.07 a share. At this price, the government would garner over Rs 1,500 crore.<br /><br />The government had fixed the floor price for the issue at Rs 63, a 1.41 per cent discount to Thursday’s close. Shares of SAIL on Friday closed at Rs 63.40 on the BSE.</p>
<p>The government managed to garner over Rs 1,500 crore from the truncated divestment in the nation’s largest steel producer SAIL that barely managed to scrape through.<br /><br /></p>.<p>The Offer For Sale (OFS) received bids for 24.13 crore shares against 24.03 crore shares on offer, as per the data available of the BSE.<br /><br />The indicative price, which is the weighted average price of all valid bids, was Rs 63.07 a share. At this price, the government would garner over Rs 1,500 crore.<br /><br />The government had fixed the floor price for the issue at Rs 63, a 1.41 per cent discount to Thursday’s close. Shares of SAIL on Friday closed at Rs 63.40 on the BSE.</p>