Steel Authority of India (SAIL) has sold its entire 26% equity shareholding of 347,49,000 equity shares of Rs 10 each in Bokaro Jaypee Cement, a Joint Venture Company of SAIL and Jaiprakash Associates to Shri. Rangam Securities & Holdings (SRSHL) at Rs 67.50 per equity share on November 28, 2014. SAIL has received a sum of Rs 234.56 crore as consideration for sale of the above shares. SRSHL is an indirect wholly owned subsidiary of Dalmia Cement (Bharat); a subsidiary of Dalmia Bharat.
SAIL is India's largest steel producing company. The company is among the five Maharatnas of the country's Central Public Sector Enterprises. The company has five integrated steel plants, three special plants, and one subsidiary in different parts of the country.
Huhtamaki PPL Ltd said that its board of directors has authorised the issue of non-convertible debentures aggregating up to Rs. 550 crore on private placement basis to Huhtalux S.a r.l. in one or more tranches.
| Company Name | CMP |
|---|---|
| Tata Steel | 212.05 |
| JSW Steel | 1239.90 |
| SAIL | 173.50 |
| Jindal Stainless | 787.90 |
| APL Apollo Tubes | 2105.45 |
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