The Union Government on 8 April 2010 approved a 20 per cent disinvestment in
SAIL that will fetch a total of Rs 16,000 crore.
The stake sale is likely to take place in two tranches of 10 per cent each.
Each time five per cent will be through further public offer and another five
per cent through sale of government equity.
Following the two-tranche disinvestment, the government and the company is
likely to get Rs 8,000 crore each. Post disinvestment, the government's equity
is likely to fall to 69 per cent from existing 85.82 per cent.
Also See:
SAIL
to set up two oxygen units at Bhilai plant (1-April-10)