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    Difficult to meet mid-June share sale timeline: SAIL

    State-run Steel Authority of India is unlikely to meet the mid-June timeline for the launch of its share sale, its chairman said on Wednesday, mainly due to volatile stock markets.

    June 01, 2011 / 15:40 IST
       
       
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      State-run Steel Authority of India is unlikely to meet the mid-June timeline for the launch of its share sale, its chairman said on Wednesday, mainly due to volatile stock markets.


      CS Verma had told Reuters last month that the share sale to raise up to USD 778 million was likely to be launched on June 14 and close three days later.


      "It will be difficult to meet the timeline," Verma told Reuters on Wednesday. "Once the market conditions are more stable we will launch the offer."

      first published: Jun 1, 2011 01:28 pm

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