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

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 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
News and Pre .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ss Release
Dated:- 6-12-2014

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 additio .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... n 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 inves .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... tors, a 5% price discount was offered to them. This OFS will fetch ₹ 1715 crores approximately for the Govt. With this divestment the Government of India share in SAIL would come down to 75% an .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

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

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X