SAIL offer subscribed 3.6 times on Day 1

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Updated At : 12:23 PM Jan 15, 2021 IST

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New Delhi, January 14

The government’s sale of its 5% shareholding in SAIL was over-subscribed 3.6 times on the first day of its opening on Thursday. The government decided to exercise the greenshoe option of another 20.65 crore shares.

Over 74.74 crore shares were sought by non-retail investors at the close of trading hours, stock exchange data showed. The shares sought were 362% of the overall issue and nearly 413% of the shares reserved for non-retail investors. — PTI

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Remembering Sardar Dyal Singh Majithia

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