SAIL’s FPO Is Scheduled To Hit Market In March 2011

SAIL’s FPO (follow-on public offer) is scheduled to hit the market in March 2011 because the firm sorts its issues with-bankers,

Previously, the FPO issue was planned for kick off on February 8, that was, nevertheless, delayed because of an issue faced with bankers concerning the management of the follow-on public offer . SAIL follow-on public offer banker’s had also discussed for Tata Steel FPO, the offering that received warm result from the investors following the roll out.

SAIL is hoping to increase Rs 8000-crore via this FPO. It’s going to be a beneficial deal for the govt because it owns greater than 85 per cent stake in the SAIL follow-on public offer .

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