Government Plans Rashtriya Ispat Nigam IPO

25 Jul 2014

The new government is planning the initial public listing of the steel company, Rashtriya Ispat Nigam, and will sell a 10 per cent stake this fiscal year ending March, Finance Minister Arun Jaitley said on Friday, reported Reuters.

The government is also planning to sell a 5 per cent stake in state-run Steel Authority of India this fiscal year to shore up its finances, said the media reports.

Source: Dion Global Type: IPO Related

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