SAIL FPO postponed due to share market volatility

Staterun Steel Authority of_India’s (SAIL) much anticipated FPO (follow-on public offer),tentatively scheduled for June this current year, was postponed due to share market volatility, the Parliament was_informed nowadays.

“The transaction for_the 1st tranche, that was tentatively planned to begin for public subscription in_June 2011, has been postponed on account of volatility in the stock market, coupled_with low market value of SAIL scrip

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