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India Set to Sell Stake in Steelmaker on Friday

2014-12-03 20:57:14| Steel - Topix.net

India will sell a 5% stake in the Steel Authority of India Ltd. on Friday, launching the government's plans to raise $10 billion by unloading stakes in state-run companies. The steelmaker said in a regulatory filing that the government will sell the stake through an auction of shares on Indian stock exchanges.

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