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Selloff to start with SAIL offer

2014-12-04 01:06:48| Steel - Topix.net

New Delhi, Dec. 3: The government will launch its divestment drive for the current fiscal with the sale of a 5 per cent stake in steel major SAIL on Friday that could fetch the exchequer Rs 1,700 crore. The floor price for the share sale will be fixed tomorrow, Steel Authority of India Ltd said in a regulatory filing.

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