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Govt Considers Stake Sale in SAIL, Engineers India

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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Govt Considers Stake Sale in SAIL, Engineers India

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