Press Information Bureau
Government of India
Ministry of Steel
09-August-2012 14:58 IST
Disinvestment of Sail
The Minister of Steel, Shri Beni Prasad Verma has said that the Government has decided to disinvest 10.82% of paid up equity in the Steel Authority of India Limited (SAIL) out of its shareholding of 85.82% through Offer for Sale of Shares through stock exchange mechanism as per SEBI Rules and Regulations.

In a written reply in the Rajya Sabha today he said, the present proposal for disinvestment is in line with policy regarding disinvestment and approach to disinvestment approved by the Government which, inter-alia, envisages further offerings by listed Central Public Sector Enterprises taking into consideration their capital investment requirements with Government simultaneously or independently offering a portion of its shareholding.