Don’t miss the latest developments in business and finance.

India may sell 5 percent stake in steel company SAIL - sources

Image
Reuters NEW DELHI
Last Updated : Jun 17 2014 | 4:34 PM IST

NEW DELHI (Reuters) - India's new government could sell a 5 percent stake in state-run Steel Authority of India Ltd and a final decision is likely to be taken next week, two sources directly involved in the process told Reuters.

India's disinvest department under the Finance Ministry will hold a meeting with Steel Ministry and SAIL officials on June 23 to discuss the stake sale, a top Steel Ministry official and a top SAIL offical said on Tuesday.

(Reporting by Krishna N Das; Editing by Douglas Busvine)

More From This Section

First Published: Jun 17 2014 | 4:12 PM IST

Next Story