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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..... 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 .....

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..... and Press Release Dated:- 6-12-2014 - News - 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. I .....

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..... n addition 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 ret .....

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..... ail investors, 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 dow .....

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..... n to 75% and the Company has become compliant to the Public Shareholding norms of 25% for listed companies. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - .....

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..... taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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