Epic Update : SAIL

Govt fixes floor price at Rs 63/share (Stock down 30 percent YTD)
OFS for over 24 crore shares or 5.82 percent stake
Govt owns 85.82 percent stake in SAIL
Overall government intended to do 10.8 percent divestment in company
Remaining 5 percent not being floated on poor market condition
Govt to raise around Rs 1500 crore.

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