Indian government to sell off 5% stake in Steel Authority of India

Notice of Offer for Sale of equity shares of Steel Authority of India Limited by its Promoter, the President of India, acting through the Ministry of Steel, Government of India, through the stock exchange mechanism The government said in the Dec. 3 filing that it is selling up to 206,526,264 shares with a face value of 10 Indian rupees each. Under the offer, 10% of the shares have been set aside for retail investors, who can subscribe for shares worth up to 200,000 rupees at a 5% discount to the bid price.
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