India may sell 5% stake in SAIL: Sources

The new government could sell a 5 percent stake in state-run SAIL and a final decision is likely to be taken next week.

New Delhi: India`s new government could sell a 5 percent stake in state-run Steel Authority of India Ltd and a final decision is likely to be taken next week, two sources directly involved in the process told Reuters.

India`s disinvest department under the Finance Ministry will hold a meeting with Steel Ministry and SAIL officials on June 23 to discuss the stake sale, a top Steel Ministry official and a top SAIL offical said on Tuesday.

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