SAIL to sell stakes in three units via auction

MUMBAI (Reuters) - State-run Steel Authority of India Ltd (SAIL) has received approval 'in principle' from the government to sell stakes in three units, the company said in a statement on Tuesday.
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Nov 29, 2016, 08.23 PM | Source: Reuters

SAIL to sell stakes in three units via auction

MUMBAI (Reuters) - State-run Steel Authority of India Ltd (SAIL) has received approval 'in principle' from the government to sell stakes in three units, the company said in a statement on Tuesday.

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SAIL to sell stakes in three units via auction

MUMBAI (Reuters) - State-run Steel Authority of India Ltd (SAIL) has received approval 'in principle' from the government to sell stakes in three units, the company said in a statement on Tuesday.

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SAIL to sell stakes in three units via auction
State-run Steel Authority of India Ltd (SAIL) has received approval 'in principle' from the government to sell stakes in three units, the company said in a statement on Tuesday.

The company will be selling stakes in the Bhadrawati, Salem and Durgapur steel plants through a two-stage auction process to strategic buyers, the statement said.

SAIL is India's biggest state-owned steel company.

 

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SAIL to sell stakes in three units via auction

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