Floor Price for SAIL Stake Divestment Fixed at 83

摘要

New Delhi: The government set the floor price for the sale of aS% stake in Steel Authority of India Ltd (SAIL) at a 2,75% discount as its record asset-sale programme gets underway on Friday. In a notification to the stock exchanges, the company said that "the floor price of the offer in terms of Se-bi OFS (offer for sale) circular shall be 83." It will also offer a 5% discount to retail investors, said a senior finance ministry official.