The uncertain market environment continues to cast a shadow over the proposed SAIL follow-on public offer (FPO). The government is clearly unhappy with the over 20% drop in SAIL's share price this year, and wants the market environment to improve before going in for the divestment. Steel Secretary PK Mishra told CNBC-TV18 that they have till the first of June to take a final call on the FPO, reports CNBC-TV18's Mehak Kasbekar.
PK Mishra, Steel Secretary says,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!
