The government is all set to sell 10.82% stake in steel major SAIL on March 22, 2013. The stake sale could fetch government around Rs 2,500 crore. In this regard, the Empowered Group of Ministers on Disinvestment, headed by Finance Minister P Chidambaram, met and decided on the pricing of the share sale.
The Department of Disinvestment (DoD) already held road-shows in Singapore, Hong Kong, US, UK and continental Europe for the proposed SAIL disinvestment. SAIL comes under the administrative control of Steel Ministry.
