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The government has garnered Rs 1,516.17 crore from selling its 5.82 per cent stake through the offer for sale (OFS) route in Steel Authority of India (SAIL) on March 22.
In an exchange filing today, the state-owned steel maker said that following the transaction in both BSE and NSE, the government stake in the firm has come down to 80 per cent from 85.82 per cent earlier.
SAIL said government has sold 24,03,96,572 shares for a total consideration of Rs 15,16,17,27,862 crore. The sale thus came at a price of Rs 63.06 per share.
The government had 3,54,46,90,285 shares in the company before the OFS. Now, it has 3,30,42,93,713 shares in SAIL.
Shares of the company today settled at Rs 63.30 apiece, up 0.96 per cent over the previous closing on the BSE.
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