SAIL FPO to be concluded in FY11: Govt

The government is optimistic that FPO of SAIL will be concluded this fiscal, reports CNBC-TV18.

January 24, 2011 / 19:21 IST

26 Aug, 2025 12:21

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The government is optimistic that follow-on-offer (FPO) of Steel Authority of India (SAIL) will be concluded this fiscal, reports CNBC-TV18.

Divestment Secretary has said that the call on SAIL FPO timetable will be taken in a few days. He also said that the decision on investment bankers is expected this week itself.

Earlier, expressing displeasure over investment banks working on Tata Steel FPO, the steel ministry had threatened to replace them to SAIL FPO. However, investment banks clarified that there was no conflict of interest in working on Tata Steel FPO.

first published: Jan 24, 2011 05:30 pm

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