26th Apr 2010 07:09
No.CA-17(54)/10 26th April, 2010 The Manager Company Announcement Office (CAO) London Stock Exchange, 10 Paternoster Square London EC4M 7LS
Dear Sir, It is hereby informed that Government of India has approved the following: I) 10% Further Public Offer (FPO) by SAIL and 10% of offer for sale by Government of India in two discrete tranches – the first comprising 5% of FPO viz. fresh issue of 5% pre-issue paid up equity of the company and offer for sale of 5% equity of SAIL out of Government’s shareholding and the second also comprising 5% of FPO and 5% of offer for sale; to be issued at appropriate times in consideration of SEBI guidelines and prevailing market conditions. The first tranche comprising the 5% of FPO viz. fresh issue of 5% pre-issue paid up equity of the company and the offer for sale of 5% equity of SAIL out of Government’s shareholding will be carried out in the domestic market as per SEBI regulations.
Related Shares:
Stl.au.ind.gdr