Govt to Offload Up to 10% Stake in SAIL, Offer for Sale Opens on Thursday
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The government on Wednesday said it proposes to offload up to 10 per cent stake in public sector steel manufacturer SAIL and the offer for sale (OFS) will open on Thursday. Offer for Sale (OFS) in SAIL opens on Thursday (14.1.2021) for non-retail investors. 15th January (Friday) is for retail investors. GoI would divest 5% equity with a 5% greenshoe option, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey tweeted.
The government holds 75 per cent stake in SAIL. It had last sold 5 per cent stake in the steel CPSE in December 2014.
Updated Jan 13, 2021 | 15:54 IST
On Wednesday, OMCs hiked petrol and diesel prices by Rs 0,25 per litre, which were retailed at Rs 84.45 and Rs 74.63 in Delhi respectively. Petrol price breaks record in Delhi; retailed at Rs 84.45 per litre | Photo Credit: BCCL
Key Highlights Petrol last touched its peak of Rs 84 per litre in October 2018 while diesel reached peaked at Rs 81.94 in July 2020. On March 16 and May 5, the Centre had increased excise duty on petrol by Rs 13 per litre and diesel by Rs 16 in two tranches.
Excise duty and VAT tax on petrol and diesel account for more than 60 per cent of the rate currently and is a major source of revenue for the government
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