Wednesday, October 6, 2010

SAIL FPO by Nov or Jan: Steel Secretary

India\'s second largest steel company, SAIL will launch its much-awaited follow-on public offer (FPO) in November 2010 or January 2011 said Steel Secretary, P K Misra, reports CNBC-TV18.



He further said appointment of two new directors for SAIL board has been under consideration. The government approved restructuring of SAIL\'s board.



At 9:24 hours IST, a share was trading at Rs 232.40, up 2.13% over previous closing price, with volumes of 1,173,317 shares.


News From: http://www.7StarNews.com

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