Zeebiz.com
New Delhi, Jul 18: The government on Thursday approved the sale of 10.82 percent of its stake in Steel Authority of India (SAIL), which may fetch the exchequer over Rs 4,000 crore.
The Cabinet Committee on Economic Affairs (CCEA), headed by Prime Minister Manmohan Singh, this evening has cleared SAIL public offer, official sources said.
The share sale process, proposed to be conducted through auction route or offer for sale, is expected to fetch over Rs 4,000 crore to the government, they added.