Advertisement

HindustanTimes Fri,11 Jul 2014

98% of SAIL share auction covered

Reuters  Mumbai, March 22, 2013
First Published: 16:04 IST(22/3/2013) | Last Updated: 16:10 IST(22/3/2013)

An auction of a 5.85% stake in state-run Steel Authority of India Ltd was nearly fully covered on Friday, provisional data from the National Stock Exchange showed.

Advertisement

The Indian government was selling 240.4 million shares in the company at a minimum bid price of Rs. 63 per share. At 3.30pm, the single-day auction had received bids for 235.3 million shares, or 98% of the shares on offer, at an indicative weighted average price of Rs. 63.07 per share.

Final bid numbers will be available later on Friday.


Advertisement
more from Business

Good news for salaried class: Jaitley's budget will help you save more

Finance minister Arun Jaitley raised the exemption limit in personal income tax from Rs 2 lakh to Rs 2.5 lakh. He also raised the tax exemption limit for investments to Rs 1.5 lakh from the current Rs 1 lakh under Section 80C of the Income Tax Act. FM Arun Jaitley promises higher growth | Full text of speech | Poll: Rate the budget on a scale of 0 to 5
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved