In the first step toward increased investment Modi has had good success.
The public sector Steel Authority of India Limited (SAIL) to 5 per cent government stake is offer was oversubscribed more than doubled.
Sale of 20.65 million shares offered for sale brought the total to 41.84 million government applications have been received for the purchase of shares. Offers under the floor price of Rs 83 per share amount of Rs 3,000 crore is prohibitive.
The government has set a target of Rs 1,700 crore, more than two and a half times. It offers a one-day sale was closed at 3.30 pm on Friday.
The new government stake in the company at the center of government was the first issue. Given the success of other PSU disinvestment Analysts expect that the government will increase even faster now.
The public sector Steel Authority of India Limited (SAIL) to 5 per cent government stake is offer was oversubscribed more than doubled.
Sale of 20.65 million shares offered for sale brought the total to 41.84 million government applications have been received for the purchase of shares. Offers under the floor price of Rs 83 per share amount of Rs 3,000 crore is prohibitive.
The government has set a target of Rs 1,700 crore, more than two and a half times. It offers a one-day sale was closed at 3.30 pm on Friday.
The new government stake in the company at the center of government was the first issue. Given the success of other PSU disinvestment Analysts expect that the government will increase even faster now.
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