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 , 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.