Government’s clearance to 10.82 percent disinvestment of stake in SAIL

  • The government has approved 10.82 % disinvestment of its hold in Steel Authority of India (SAIL).
  • The SAIL public offer has got the clearance of the Cabinet Committee on Economic Affairs (CCEA).
  • The share sale process, which will be done through auction route or offer for sale, is projected to generate over Rs 4,000 crore for the government exchequer.
  • The government presently has 85.82 % stake in SAIL. After the disinvestment, the government of India’s shareholding in SAIL would get reduced to 75%.

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  • raju dass
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