Foreign institutional investors (FIIs) have reduced their shareholding in Steel Authority of India (SAIL) to 5.85% at the end of March 2014 quarter from 6.31% as on December 31, 2013. On the other hand, domestic institutional investors’ (DIIs) shareholding went up to 10.94% at the end of March 2014 quarter from 10.61% as on December 31, 2013. Meanwhile, promoter and promoter group shareholding was unchanged at 80% at the end of March 2014 quarter.
SAIL is India's largest steel producing company. The company is among the five Maharatnas of the country's Central Public Sector Enterprises. SAIL has five integrated steel plants, three special plants, and one subsidiary in different parts of the country.
