Printer Friendly

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.

[Editorial queries for this story should be sent to irn@enpublishing.co.uk]

((Distributed via M2 Communications - http://www.m2.com))

COPYRIGHT 2010 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2010 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:International Resource News (IRN)
Date:Apr 8, 2010
Words:106
Previous Article:Virgin Green Fund names Toby Coppel as Partner.
Next Article:Idemitsu Kosan plans raise in wholesale price of petrol.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters