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Indian Gov't Sells 5% Shares in SAIL on 5th
The Indian Government sells on 5th its shares of 5% out of 85% in the Steel Authority of India (SAIL) and its selling amount is compensated to the government financial deficit. The Government had held investment seminars in Singapore, London, New York, Boston and so on since September. HSBC Securities, Deutche Equities and JP Morgan India are included in the 6 advising bankers.

While, SAIL pictures a plant to expand its production quantity on crude steel basis by 24 million tons in 2015 and 50 million tons in 2025 by its modernization of facilities and aims at joining the ranks of world leading steel companies.
last modified : Wed 10 Dec, 2014 [10:00]
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