OFS for Divestment of 5% of Government of India Equity in Sail Successfully Concluded; Issue Oversubscribed more than two Times;. To Fetch 1715 crores Approximately for the Government

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....FS for Divestment of 5% of Government of India Equity in Sail Successfully Concluded; Issue Oversubscribed more than two Times;. To Fetch 1715 crores Approximately for the Government <br>News and Pres....

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....s Release<br>Dated:- 6-12-2014<br><BR>The OFS for divestment of 5% of Government of India equity in SAIL was successfully concluded today. The issue was oversubscribed more than two times. In addition....

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.... retail investors were given 10% allocation and this category was also hugely oversubscribed more than 2.5 times, a record for any retail participation in any OFS. In order to facilitate retail invest....

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....ors, a 5% price discount was offered to them. This OFS will fetch &#8377; 1715 crores approximately for the Govt. With this divestment the Government of India share in SAIL would come down to 75% and....

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.... the Company has become compliant to the Public Shareholding norms of 25% for listed companies.<BR> News - Press release - PIB....