By 24 September, 2009

In another round of disinvestment, the government of India is considering in Steel Authority of India (SAIL) and Engineers India.

Govt Considering SAIL Share Sale

The government is considering a follow-on public offer for shares of state-run Steel Authority of India Ltd, a senior company official said on Thursday.

"It is going on, under consideration of the government," the official, who declined to be named, told reporters when asked if a public offer was likely.

He declined to provide any other details.

Engineers India - Govt Considering 10-15% Stake Sale

Engineers India Ltd said on Thursday the federal government is considering a stake sale of up to 15 percent in the state-run firm.

The federal government owns around 90 percent of the engineering and consultancy firm.

"10-15 percent is what everybody is talking about," Chairman Mukesh Rohatgi told reporters.

 

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