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Govt to Offload Up to 10% Stake in SAIL, Offer for Sale Opens on Thursday

Govt to Offload Up to 10% Stake in SAIL, Offer for Sale Opens on Thursday FOLLOW US ON: The government on Wednesday said it proposes to offload up to 10 per cent stake in public sector steel manufacturer SAIL and the offer for sale (OFS) will open on Thursday. Offer for Sale (OFS) in SAIL opens on Thursday (14.1.2021) for non-retail investors. 15th January (Friday) is for retail investors. GoI would divest 5% equity with a 5% greenshoe option, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey tweeted. The government holds 75 per cent stake in SAIL. It had last sold 5 per cent stake in the steel CPSE in December 2014.

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