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SAIL divestment talks begin

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NEW DELHI (Commodity Online): With the stock market heading north, the steel ministry has approached the ministry of finance to initiate the disinvestment process in SAIL along with its proposed public offering.

Discussions are on between the ministry of finance and SAIL on disinvestment. Its public offer is also being looked at.

The quantum of government’s holding to be sold through disinvestment and fresh equity to be raised through the public offering could not be ascertained.

The equity sale could go along with the proposed public issue of the country’s largest steel maker. Official sources said the measures could be taken in a way that government’s holding in the firm does not fall below 75 per cent.

The government currently owns 85.
MCX Light Sweet Crude Oil 19 June 2012 contract was trading at Rs 5241 , up Rs. 233 . What's your view on it?
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