Government to Sell Stakes in SAIL, RINL, HAL

The government is looking to sell 5 per cent stake in SAIL and 10 per cent each in RINL and HAL in the current fiscal, besides an outright sale of Tyre Corporation of India. The disinvestment of 10 per cent through an initial public offer (IPO) in Rashtriya Ispat Nigam Ltd (RINL) is "tentatively scheduled for completion in the current financial year", Finance Minister Arun Jaitley said in a written reply in the Lok Sabha. He ...