Steel Authority of India (SAIL) declined with the aid of nine% touching to Rs. 67.6, after the government determined to sell up to 10% stake inside the organization. The authorities on January thirteen confirmed the hole of Offer for Sale (OFS) in SAIL for retail and non-retail investors. The department of investment and asset management (DIPAM) secretary tweeted the OFS in SAIL might open for non-retail buyers on January 14 and for retail investors on January 15. With this, the government would divest 5% fairness within the firm with a 5% greenshoe alternative.
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