Govt likely to sell 5 pc stake in SAIL in July last week: Sources

Tags: SAIL, Companies
The new government could sell a 5 percent stake in the state-run Steel Authority of India Ltd (SAIL) in the last week of this month, three people directly involved in the process said on Thursday.

The marketing roadshows for the stake sale, valued at about $340 million at the current market price, will begin soon after the presentation of the federal budget scheduled for July 10, the people said.

The sources declined to be named as they were not authorised to speak to the media before a government announcement. A SAIL spokesman in New Delhi declined to comment.

Prime Minister Narendra Modi, who won a landslide election victory in May largely on his promise of economic growth, is expected to speed up divestments to bolster revenue generation at a time of weak economic growth.


  • All the debates are glossing over the key question if children are eating healthy food

    For some time now, we have been strapped in noodle debates. First Maggie noodles and now our own swadeshi noodles that Baba Ramdev is making.


Stay informed on our latest news!


Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs


Amita Sharma

Smart cities for the smart citizens

The 21st century has been spoken of as the urban ...

Zehra Naqvi

Baby and you

Every person who’s had a chance to be a parent ...

Bubbles Sabharwal

Women of the world, unite for a change

Last week I attended the Women in the World forum ...


William D. Green

Chairman & CEO, Accenture