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DoD plans SAIL stake sale in Sept; ONGC, power cos to follow

Last Updated: Thursday, July 17, 2014, 16:26

The government will kick off its big-bang disinvestment drive with 5 percent stake sale in SAIL in September, followed by ONGC and power sector PSUs like REC, PFC and NHPC.

DoD meets SteelMin, merchant bankers on SAIL disinvestment

Last Updated: Monday, June 23, 2014, 18:55

Kick starting the process of 5 percent stake sale in SAIL, the Disinvestment Department Monday held meeting with merchant bankers and steel ministry officials to move ahead with it.

Govt lowers stake sale in SAIL to 5.82%; floor price at Rs 66

Last Updated: Wednesday, March 20, 2013, 10:27

The SAIL issue would fetch the exchequer about Rs 1,587 crore at Rs 66 apiece, if subscribed fully.

EGoM meet on SAIL disinvestment postponed for tomorrow

Last Updated: Tuesday, March 19, 2013, 19:48

A crucial meeting of an inter- ministerial panel that was scheduled for Tuesday on disinvestment of government's 10.82 percent stake in steel major SAIL has been deferred for tomorrow amid political developments.

Govt eyes Rs 3,500 cr from SAIL disinvestment by March-end

Last Updated: Sunday, February 17, 2013, 12:49

"SAIL stake sale is very much in our domain for the current fiscal. DoD is in talks with the Steel Ministry on how to go about it. We are looking to raise somewhere between Rs 2,700-3,500 crore," official sources said.

Govt clears disinvestment of 10.82% stake in SAIL

Last Updated: Thursday, July 19, 2012, 20:53

The government on Thursday approved the sale of 10.82 percent of its stake in Steel Authority of India (SAIL), which may fetch the exchequer over Rs 4,000 crore.

Govt considering alternatives to SAIL disinvestment

Last Updated: Sunday, November 27, 2011, 15:49

The government is considering alternatives, including the buyback route, to disinvestment in steel giant SAIL as the market conditions are not conducive to a public issue.

Govt prepares list of cash-rich PSUs for share buyback

Last Updated: Sunday, November 06, 2011, 13:06

The Disinvestment Department has prepared a list of cash-rich PSUs which can buy back government equity and help it meet the ambitious Rs 40,000 crore disinvestment target during the current fiscal.