PSU Stake Sale Likely to Kick Off in September

The government will kick off its big-bang disinvestment drive with 5 per cent stake sale in SAIL in September, followed by ONGC and power sector PSUs like REC, PFC and NHPC. The Department of Disinvestment would embark on roadshows for SAIL towards the end of this month in countries like Singapore, Hong Kong, US, UK and continental Europe. "Domestic roadshows are equally important as overseas ones. Roadshows take normally a m...