The government has offered to sell up to 20,65,26,264 equity shares of the face value of Rs. 10/- each, representing 5% of the total paid up equity share capital of Steel Authority of India Limited, the steel major said in a release.
The Offer shall take place during trading hours on a separate window of the Stock Exchanges and shall commence on December 05, 2014 at 9:15AM and shall close on the same date at 3:30PM, the release added.
The stock opened at Rs 84 and touched a low of Rs 82.90 on the Bombay Stock Exchange. At 10AM, over 2.4 million shares were traded on both the stock exchanges.
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