Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    Outskill Genai
    HomeNewsBusinessCompaniesDifficult to meet mid-June share sale timeline: SAIL

    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
       
       
      26 Aug, 2025 12:21
      Volume
      Todays L/H
      More

      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

      Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

      Subscribe to Tech Newsletters

      • On Saturdays

        Find the best of Al News in one place, specially curated for you every weekend.

      • Daily-Weekdays

        Stay on top of the latest tech trends and biggest startup news.

      Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347