Indian government approves SAIL plans to sell shares.
International Resource News-8 April 2010-Indian government approves SAIL plans to sell shares(C)2010 ENPublishing - http://www.enpublishing.co.uk
International Resource News - 08 April 2010(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk
The Indian government has approved plans for a share sale by India-based Steel Authority of India Limited (SAIL), according to Home Minister P Chidambaram.
The company is aiming to raise around INR160bn.
The firm is planning to sell small portions of its stake to fund social and infrastructure projects.
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