India's second largest steel company Steel Authority of India (SAIL) may come out with its follow-on public offer (FPO) by the second week of February, reports CNBC-TV18 quoting Dow Jones.
The company may file initial share prospectus on January 20. Earlier, in an interview with CNBC-TV18 on December 24, CS Verma, Chairman of SAIL had said that the FPO will happen by early February 2011. Also Read: FPO will happen by early February, says SAIL At 12:13 hours IST, the share was trading at Rs 186.75, down Rs 1.85, or 0.98%. Current market capitalisation stands at Rs 77,135.23 crore.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!
