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STEEL AUTHORITY OF INDIA LTD. - Sale of SAILS Equity Stake in Bokaro Jaypee Cement Limited
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29 Nov 2014
Steel Authority of India Ltd has informed BSE that Steel Authority of India Limited (SAIL) has on November 28, 2014 sold its entire 26% equity shareholding of 347,49,000 equity shares of Rs. 10/- each in M/s. Bokaro Jaypee Cement limited, a Joint Venture Company of SAIL and M/s. Jaiprakash Associates Limited to Shri. Rangam Securities &amp; Holdings Limited (SRSHL) @ Rs. 67.50 per equity share. SRSHL is an indirect wholly owned subsidiary of M/s. Dalmia Cement (Bharat) Limited; a subsidiary of M/s Dalmia Bharat Limited, SAIL has received a sum of Rs. 234.56 crore as consideration for sale of the above shares.&lt;BR&gt;
View all announcements for STEEL AUTHORITY OF INDIA LTD. Source: BSE India